Yen slides to 159.58 per dollar in London, weakest in two months

The yen weakened sharply against the dollar in London foreign exchange markets, briefly reaching 159.58 yen per dollar, marking the lowest level for the Japanese currency in about two months. This depreciation reflects ongoing dollar strength and yen selling pressure in international markets. The 159-yen range represents a significant move for the currency pair, which has been closely watched by traders and policymakers. The yen's decline comes amid expectations of divergent monetary policies between Japan and the United States, with the Bank of Japan maintaining ultra-low interest rates while the Federal Reserve has signaled a more hawkish stance.