Japanese Yen hits weakest level against US Dollar since 1986
Story essentials
Bank of Japan, Japanese Ministry of Finance
Japan
June 29, 2026
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COMPAMIR Editorial Team
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Read our editorial policy- Earlier version 16/30/2026, 3:41:09 AM
The yen depreciated to 161.98 per dollar in New York trading. Market participants are on alert for potential government intervention. The Bank of Japan's recent rate hike has had minimal impact on currency trends.
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Related book
Currency Strategy: A Practitioner's Guide to FX Markets
Author: Michael D. Darda
This book provides a comprehensive understanding of how global macroeconomics and interest rate differentials drive currency valuations, which is essential for grasping why the Yen remains weak despite central bank interventions.
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