Yen Slumps to Decade Lows Against Surging Dollar, Risking Japanese Intervention
• Japanese Yen hit multi-decade lows against US Dollar, with USD/JPY reaching 152.00, raising risk of intervention.
• Bank of Japan and Japanese officials made verbal interventions, looking to limit Yen weakness.
• Yen often seen as safe-haven, tends to strengthen in turbulent times.
• Bank of Japan's ultra-loose policy has caused Yen depreciation against peers.
• Widening differential between US and Japanese bond yields favors US Dollar over Yen.