Yen hits 23-month low and Nikkei 225 breaks 71,000 for first time
AI Summary
The Japanese yen has dropped to a 23-month low, nearing intervention thresholds, while the Nikkei 225 index has surged past 71,000 points. These market movements signal significant currency and stock market developments in Japan.
Japan's currency is now well within the range considered by many investors to be the red line for intervention.