Yen hits 40-year low against the dollar

AI Summary

The Japanese yen fell to a 40-year low against the US dollar, breaking through the ¥161.96 mark after lingering near that level for about a week. This marks a significant currency value drop impacting global and regional economic conditions.

The currency finally broke through the ¥161.96-to-the-dollar mark after trading near that level for about a week.