Japanese Yen near 40-year low despite BOJ interest rate hike (opens original article in a new tab)

The Japanese yen fell to a 40-year low against the dollar despite the Bank of Japan's interest rate hike, with analysts attributing the weakness to fiscal concerns and high short positions. The yen's decline has raised fears of potential government intervention.

• Japanese yen near 40-year low against dollar at 161.12
• BOJ's interest rate hike and interventions failed to stabilize yen
• Analysts cite fiscal concerns and short positions as key factors