The Japanese currency continued its decline against the dollar and fell to 150 yen against the US currency for the first time since 1990, raising speculation about a possible new intervention from Japan to support the yen.
At about 07:40 GMT, the dollar was equal to 149.92 yen after briefly crossing the 150 yen threshold, the lowest level since August 1990 amid increasing differences between US and Japanese monetary policies.
The currency has fallen from levels hit in February at around 115, while the Bank of Japan is sticking to its long-term, ultra-loose policies, which are designed to encourage sustainable growth in the world’s third largest economy.
