The yen fell to a 40-year low against the US dollar, the market closely watching for intervention by Japanese authorities.

According to the Zhitong Finance APP, the Japanese yen against the US dollar exchange rate has dropped to its lowest level since 1986. This milestone event will cause unease in Japan and make traders highly vigilant of government intervention in the foreign exchange market. During the New York trading session on Monday, the yen exchange rate fell by 0.2%, hitting a low of 161.98 yen against the US dollar, breaking through the 161.95 threshold that prompted Japanese authorities to intervene in the market in July 2024.