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Yen Slides to Weakest Level Versus Dollar Since July 2024

Yen Slides to Weakest Level Versus Dollar Since July 2024
Bloomberg Markets Wednesday 17 June 2026, 19:42 UTC By Mia Glass, John Cheng, Anya Andrianova 1 min read
Key Points

Yen Slides to Weakest Level Versus Dollar Since July 2024 The yen slumped to its weakest level against the US dollar since July 2024, raising the risk of official intervention to prop it up. Japan’s currency fell as much as 0.2% to 160.79 per dollar. The US currency rallied as traders added to bets that the Federal Reserve will increase interest rates this year, pushing other major currencies lower.

Yen Slides to Weakest Level Versus Dollar Since July 2024 The yen slumped to its weakest level against the US dollar since July 2024, raising the risk of official intervention to prop it up. Japan’s currency fell as much as 0.2% to 160.79 per dollar. The US currency rallied as traders added to bets that the Federal Reserve will increase interest rates this year, pushing other major currencies lower. [Image text:] AF454659JJ 1000 ETH AC499314AL 5000 10000
Yen Slides (PERSON) Weakest Level Versus (ORG) US (LOCATION) Japan (LOCATION) the Federal Reserve (ORG)
Originally published by Bloomberg Markets Read original →

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