Yen teeters on cusp of 40-year low as BOJ hike fails to stem rout (opens original article in a new tab)

The yen approached a 40-year low as the dollar rose against it, despite a Bank of Japan rate hike, with market tensions and potential Japanese intervention contributing to the decline.

• Dollar rose to 161.3 yen, near 40-year high against yen
• BOJ rate hike failed to stop yen decline, with low Japanese rates
• U.S.-Iran peace talks and Japanese intervention fears pressured yen