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Yen Plummets Amid Rising Oil Prices and Tensions

3/13/2026

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Summary

Story summary

The yen fell to 159.69 per dollar as oil prices rise amid the Middle East conflict.
Analysts say intervention may be ineffective as dollar demand rises with tensions.
Finance Minister Satsuki Katayama of Japan says authorities monitor volatility but will not commit.
Japan is pushing for G7 talks to stabilize oil prices weighing on the yen.
If conditions worsen, Japan may raise interest rates to address the yen's decline.

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Story summary

The yen fell to 159.69 per dollar as oil prices rise amid the Middle East conflict.
Analysts say intervention may be ineffective as dollar demand rises with tensions.
Finance Minister Satsuki Katayama of Japan says authorities monitor volatility but will not commit.
Japan is pushing for G7 talks to stabilize oil prices weighing on the yen.
If conditions worsen, Japan may raise interest rates to address the yen's decline.