Yen nears 160 per US dollar: Is Japan about to intervene again?

The yen could put Japanese policymakers to the test again on Wednesday (Aug 12), as the currency closes in on the psychologically important 160 level against the US dollar. A break above 160 could raise the prospect of Japanese authorities stepping in again to support the yen — even after last month’s rare coordinated United States-Japan intervention. Speaking to CNA's Asia First, Jesper Koll, expert director at Tokyo-based financial services firm Monex Group, weighs in on what could change the yen’s trajectory and the risks of further weakness. Subscribe to our channel here: https://cna.asia/youtubesub Visit our website: https://cna.asia Download our app: https://cna.asia/app Get our editors' picks of stories via chat apps: Telegram: https://cna.asia/telegram WhatsApp: https://cna.asia/whatsapp Follow us on these platforms: https://www.facebook.com/channelnewsasia https://www.instagram.com/channelnewsasia https://www.tiktok.com/@channelnewsasia