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Japanese borrowing costs hit a 30-year high as yen weakens

The yen slid to 160 per dollar as bond yields rose, with traders watching for potential yen support via future policy or market intervention.

Reported · Written up by our desk · Asia

Japanese borrowing costs rose to a 30-year high as the yen weakened, according to CNBC World.

Traders pointed to upward pressure on bond yields and the yen falling to about 160 per dollar on Tuesday.

The story also noted that market attention is focused on the possibility that Japan could tighten monetary policy, while some traders are also watching whether Tokyo might intervene to support the currency, depending on conditions.

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