Japanese yen tests critical lows near 160 as investor confidence wanes

Japanese yen tests critical lows near 160 as investor confidence wanes

The yen is falling again, fast. It’s now testing the 160-per-dollar level, and people in the market are on edge. No one’s really surprised, but the speed of the drop is turning heads. What used to feel like a slow decline is now looking like a full-blown slide. The last time the yen was even close to this weak, most of today’s traders weren’t even in the game. The trouble started last October when Sanae Takaichi became Japan’s first female prime…