Malaysia's voice on the news, politics and issues that matter.
Japan's yen briefly rallied past 158 against the US dollar on Thursday, triggering market speculation about possible government intervention to support the weakening currency amid fiscal concerns.
The US dollar climbed to its strongest level in over a year as markets price in an 80% probability of Federal Reserve rate hikes by September. Meanwhile, the Japanese yen approached its weakest point since 1986, triggering discussions between Japanese and American financial officials.
The Japanese yen hovered near 40-year lows this week despite a Bank of Japan rate increase and government intervention, reflecting persistent investor concerns about Japan's economic outlook and fiscal policy under Prime Minister Sanae Takaichi.