The Japanese yen on the cliff edge, the exchange rate has broken through and is falling. "Verbal intervention" is not working.

The Japanese yen has breached multiple integer thresholds against the US dollar, and the yen has reached a historic low against the euro...For some time now, the yen exchange rate has been continuously breaking through support levels, although Japanese authorities have attempted to intervene verbally, they have been unable to reverse the yen's decline. As the yen exchange rate gradually falls and approaches the level that previously triggered government intervention, market expectations for foreign exchange intervention by Japanese authorities are increasing. However, unlike in the past, Japanese Prime Minister Takashi Hanai suggested slowing down the pace of interest rate hikes, while the Governor of the Bank of Japan indicated that cautious rate hikes would continue. Amidst the disagreement between the government and the central bank, Japan's "yen defense battle" is also in a dilemma.