ARCHIVE : Yen sinks to four-decade low as dollar gets yields boost

The dollar gets a boost from a sharp rise in Treasury yields and pushes the yen to a 40-year trough on July 1, 2026 as traders brace for a crucial US jobs report and ramp up bets on an imminent Federal Reserve rate hike. The yen slid to its weakest level against the dollar since 1986 overnight, touching 162.59 and fuelling speculation that Tokyo could be nearing direct intervention. Traders see the upcoming US public holiday on July 4 as a potential window for Tokyo to buy yen, as thinner liquidity conditions could magnify the impact of any intervention.

VIDEO BY REUTERS

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