Yen Falls to 24-Year Low, Set for Worst Year on Record

The Japanese yen is experiencing a significant decline, reaching a 24-year low due to the Bank of Japan's dovish monetary policy and the U.S. Federal Reserve's aggressive rate hikes. Experts, including former vice finance minister Sakakibara, predict further weakening, potentially reaching 150 yen per dollar. The yen's rapid drop, down 20% against the dollar this year, raises concerns about market intervention. Policymakers have not indicated immediate action, but traders are alert for any language suggesting intervention to counter excessive movements.

What are the potential actions that Japanese officials might take regarding the yen?

What phrases should traders look out for that may indicate intervention in the currency market?