Yen Falls to 150.89 Against Dollar, Lowest Since April 2, as BOJ Cautions; South Korean Won Drops Below 1,400

The Japanese yen weakened past the 150 per dollar mark, reaching its lowest level since April 2, 2025. This decline follows a cautious stance from the Bank of Japan (BOJ), which tempered market expectations for an early rate hike. The dollar-yen exchange rate climbed to 150.89 as investors adjusted to the BOJ's outlook. Concurrently, the South Korean won also depreciated, falling below 1,400 per dollar amid regional currency pressures.