- The yen fell about 1% this week—the biggest weekly drop in three months—giving back roughly half the gains from last month's intervention and hovering near the key 160-per-dollar level.
- Traders and officials say more joint Japanese intervention (and a quicker, more hawkish move from the BOJ) may be needed to stop the slide.
- Outside Japan markets were fairly steady: the dollar got support from higher oil prices and Middle East tension, while softer US jobs/inflation data cooled Fed‑hike bets.
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