The last time Japanese authorities stepped in to support their unit was in 2024 when it hit 160 to the greenback. That in turn sent gold prices surging almost two percent and past $5,000 for the first time. "In thin early Asian liquidity, the yen jumped, and that was enough to knock the broader dollar back into the Asia open." The latest developments come ahead of the Fed's next policy meeting this week, which is expected to see officials stand pat on rates, having cut in the past three. Tokyo sank almost two percent owing to the stronger yen, which weighs on Japanese exporters, while Singapore, Seoul and Wellington also retreated.

Source: Bangladesh Sangbad Sangstha January 26, 2026 09:24 UTC