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Yen Plummets: Hits New Lows Amid Market Turbulence

10/9/2025

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Story summary
  • The yen nears 155 per dollar after market fluctuations.
  • Investors speculate the yen could weaken further before government intervention.
  • Sanae Takaichi's victory in the Liberal Democratic Party leadership election pushed the yen to 152.89 per dollar, lowest since February.
  • The yen also hit a new low against the euro as Finance Minister Katsunobu Kato pledged to monitor FX movements closely.