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Story summary
- The yen fell to ¥163 per dollar in New York on July 21, breaking the 163-yen barrier and hitting its weakest level since July 1986.
- Traders blamed dollar buying as U.S.–Iran tensions and Red Sea blockade risk rose, and oil prices widened Japan’s trade deficit, spurring yen selling.
- The government reported a deficit of ¥1.0144 trillion, with June’s shortfall at ¥406.9 billion, and signaled tolerance of yen weakness in the July 21 “Basic Policy”.
