The yen's decline accelerated, falling to its lowest level against the U.S. dollar since July 2024, as markets speculated that Prime Minister Sanae Takaichi might call a snap election soon.
The currency dropped as much as 0.5%, reaching 158.90 yen per dollar.
The Ministry of Finance last intervened in the foreign exchange market on July 12, 2024, when the dollar-yen rate hit an intraday high of 159.45.
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