Yen falls to upper 159 range, lowest in 2 months

The yen weakened to the upper 159 range against the dollar on November 11, marking its lowest level in about two months for the first time since September 2. This decline reflects continued dollar strength in the foreign exchange market. By 5 p.m. in Tokyo, the yen traded at 158.87-89 yen per dollar, down 86 sen from the previous day. The drop extends a recent trend of yen depreciation against the U.S. currency. The move comes amid ongoing interest rate differentials between Japan and the United States, with market participants closely watching central bank policy signals for further direction.