Ellen suffers three-month low amid intervention hopes

The Japanese yen experienced a significant decline this week, reaching its lowest level in nearly four decades. Ongoing concerns over the currency's stability are driven by declining long-term interest rates and fears over government financing, prompting market expectations of continued Japanese government interventions and possibly faster interest rate hikes to stop the yen's deterioration. The yen fell by 1%, reaching 159.43 against the dollar, marking its largest weekly loss since May, after being close to the 164 level before interventions in July. Meanwhile, expectations are rising that Japan may take additional measures to stabilize its currency, and the probability of the Bank of Japan raising interest rates in September has increased to 76%.

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