The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia.

KEY POINTS

  • The Japanese yen weakened to 160 against the U.S. dollar in Monday morning trading in Asia.
  • The yen has traded around 150 or weaker against the dollar since the Bank of Japan ended its negative interest rate regime in March.
  • Japanese authorities have repeatedly warned against “excessive” moves in the yen, but have made no official announcements about bolstering the currency.