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2026-07-01T07:18:26.000Z

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Dollar weakens yen to 40-year low

Dollar weakens yen to 40-year low

The dollar rose supported by the increase in US Treasury bond yields, leading the yen to fall to its lowest level in 40 years, reaching 162.77 yen. The United States' non-farm payrolls report is expected to be released, which investors will watch to determine the direction of US interest rates, with markets estimating a 67% chance of a hike in September. It is also noted that Japanese authorities might intervene again in the foreign exchange market to maintain the currency level.

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