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US financial TV; covered the June 30 breach with intervention-risk framing

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CNBC reported the yen sinking to 162.27 per dollar in early Asian trading on June 30, its lowest level since 1986 and past the July 2024 intervention threshold of 161.95. Finance Minister Katayama repeated a warning of decisive action, citing confirmation of coordination with US Treasury Secretary Bessent. The yen is set for a nearly 2% Q2 decline, its fourth consecutive quarterly fall. Analysts noted Japan had deployed 11.7 trillion yen in April-May interventions and the yen has since retraced the full move.

“Japanese yen sinks to 40-year low, keeping intervention risks in focus.”