Japan has indicated its intention to intervene to support the yen after it dropped to its lowest level against the US dollar in 38 years. Japanese Finance Minister Shunichi Suzuki emphasized the authorities' readiness to take necessary actions to prevent negative impacts on the economy. Suzuki stated a strong concern regarding abrupt movements in the currency exchange rates and highlighted the importance of closely monitoring these fluctuations. The yen reached 160.88 against the dollar, marking its weakest position since 1986. This decline coincides with indications from the US Federal Reserve of prolonged high-interest rates and uncertainties surrounding the French parliamentary elections. In response to the yen's depreciation, Japan intervened in April, purchasing a record amount of 9.788 trillion yen. This recent intervention follows three previous actions in 2022 to stabilize the currency. The yen's significant devaluation since early 2021 has been attributed to investors offloading the currency due to the disparity in interest rates between the US and Japan. While Japan has maintained low borrowing costs to stimulate economic growth, the weakened yen has adversely impacted import costs, particularly food and fuel prices. Despite benefiting Japanese exporters, the currency's decline has created financial challenges for households. The Nikkei 225 index experienced a 0.8 percent decline as market participants awaited potential intervention signals.