Yen hovers near 40-year low against dollar

AI Summary

The Japanese yen remains near a 40-year low against the US dollar, with recent conversations between Japanese Finance Minister Satsuki Katayama and US Treasury Secretary Scott Bessent providing some recovery. The currency level approaches values unseen since December 1996.

Japanese Finance Minister Satsuki Katayama's conversation with US Treasury Secretary Scott Bessent on Monday helped the yen recover from a low of 161.93 per dollar, just short of the 161.96 level last seen in December 1996.