Yen Exchange Rate 159 Level Broken as Volatility Grips Tokyo Markets
The Yen exchange rate 159 level was breached on Jan 23, 2026, leading to a sudden market reversal amid BOJ intervention rumors and record-high yields.
Is your portfolio ready for a Yen whipsaw? The Japanese Yen just tumbled past the 159 per dollar mark on January 23, 2026, before a sudden reversal ignited rumors of central bank intervention.
The Yen Exchange Rate 159 Level and Ueda's Silence
The currency's slide accelerated after Bank of Japan (BOJ) Governor Kazuo Ueda stayed vague on the timing of future rate hikes during Friday's press conference. Despite the BOJ revising inflation forecasts upward, the decision to keep policy rates steady led investors to dump the Yen, citing concerns over the Prime Minister's economic trajectory.
Intervention Fears and Sky-High Yields
However, the momentum shifted almost instantly. According to market sources, rumors of a 'rate check' by the central bank sparked a massive wave of Yen-buying orders. This occurred as the 10-year JGB yield surged past 2.2%, hitting a 27-year high. The rapid bounce-back suggests that while the BOJ isn't raising rates yet, it's not ready to let the currency freefall.
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