In Tokyo FX trading on June 3 the yen weakened to about 160 per USD. On April 30
the yen hit a low of 160.7 per USD; to curb the decline the Japanese government
and the BOJ intervened in the FX market, buying yen and selling dollars, and the
government carried out further intervention during May Golden Week. Those
actions briefly lifted the yen to around 155 per USD, but the currency has since
resumed weakening.