TOKYO, twenty second July, 2026 (WAM) — The yen was pinned close to an virtually four-decade low on Wednesday as rising oil costs and US Treasury yields hoisted the dollar and left merchants on edge about attainable Japanese intervention.
On Tuesday in New York commerce, the yen hit 163.24 per dollar, its weakest since late 1986, and it sat at 163.21 early within the Asia session.
The dollar gained broadly in a single day, briefly pushing the euro just under $1.14, and it was holding its floor as US forces started an eleventh straight evening of strikes on Iran.
The euro was final at $1.1401, whereas the Australian dollar clung to the 70 cent degree and the New Zealand dollar sat on help simply above its 200-day shifting common of $0.5825.
Sterling can also be testing help, and fell via its 200-day shifting common to $1.3385 with merchants weighing how new UK finance minister John Healey plans to fund spending.