Japanese yen weakens to fresh 38-year lows, crosses 161 against the U.S. dollar
![Japanese yen weakens to fresh 38-year lows, crosses 161 against the U.S. dollar](https://media.nbcchicago.com/2024/05/107422489-1717152171703-gettyimages-2154501680-S_KOGIKU_27052024_IMG_3127.jpeg?quality=85&strip=all&resize=1200,675)
The Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark for the first time since 1986 and reaching a high of 161.27, according to LSEG data.
The last time the currency was at this level was in December 1986.
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