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Yen at Brink of 40-Year Low Puts Markets on Intervention Watch
Japanese officials said they are ready to act as the yen holds near a 40-year low and speculative short bets hit their highest since July 2024.
- On Friday, June 19, 2026, the yen traded near its weakest level in nearly four decades in Tokyo, putting investors on guard for potential intervention from Japan to defend its currency.
- Despite the Bank of Japan hiking interest rates to a 31-year high last week, the Japanese currency has found little relief even after the Ministry of Finance's dollar-selling intervention earlier this year.
- BOJ Deputy Governor Ryozo Himino said on Friday that monetary policy does not target exchange rates, though the central bank will "scrutinize how market moves could affect Japan's economy and prices."
- With the Juneteenth trading break looming in the United States, thin liquidity conditions could open the door for intervention; Japanese Finance Minister Satsuki Katayama reiterated authorities stand ready to act decisively.
- Markets expect the BOJ to raise rates again by the end of 2026, though Japanese rates remain far below United States levels, fueling carry trades that continue pressuring the yen.
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14 Articles
14 Articles
Yen at brink of 40-year low puts markets on intervention watch
·New York, United States
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Yen nears weakest in 40 years as BOJ hike fails to stem rout
Yen found little relief despite Japan’s dollar-selling intervention and the Bank of Japan’s rate hike to a 31-year high last week. (Unsplash pic) SINGAPORE: The yen was pinned near four-decade lows on Friday, with markets on heightened intervention watch as neither a US-Iran peace deal nor a rate hike in Japan managed to arrest its prolonged slide. The yen was 0.1% stronger against the US dollar at 161.205 yen, steadying after dropping to a two-…
·Kuala Lumpur, Malaysia
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Coverage Details
Total News Sources14
Leaning Left2Leaning Right2Center4Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 25%
C 50%
R 25%
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