The yen has slipped past ¥150 against the dollar for the first time in more than three decades as investors remained on alert for another intervention by Japanese authorities to prop up the currency.
The yen fell as much as 0.1 per cent to ¥150.08 per dollar on Thursday, pushing the Japanese currency to its lowest level since August 1990.
The latest decline came as the Bank of Japan said it would launch an emergency bond-buying operation, offering to purchase ¥250bn ($1.7bn) of government debt as it works to pin down yields even as long-term interest rates rise globally.
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