finance
Yen Falls to Weakest Level Versus Dollar Since 1986
The Japanese yen reached its lowest point against the U.S. dollar in four decades on June 29. The move followed investor shifts toward the dollar amid expectations of U.S. Federal Reserve rate increases.
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The Japanese yen fell to its weakest level against the U.S. dollar since 1986 on June 29. The dollar reached 162.66 yen, its highest level against the Japanese currency since that year. Japanese authorities had intervened in April and May, spending 11.7 trillion yen ($72.25 billion) to support the currency.
That support has since faded. Investors turned to the dollar on expectations that the U.S. Federal Reserve could raise interest rates in 2026. Japan faces structural pressures including persistent trade deficits and reliance on imported energy.
The yen's weakness is boosting Japanese exporters' profits and lifting the stock market. It also raises import costs and threatens to fuel inflation.
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Market-driven currency adjustmentPolicy threat requiring intervention
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Market moveIntervention ris
CorroborationLimited · 3 sources
