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● LIVE Updated 1d ago · 23 sources tracked

Yen teeters on cusp of 40-year low, pound bounces

The Japanese yen is approaching its lowest point in four decades. The US dollar maintains its strength against most other currencies. This stability comes while a peace agreement between the US and Iran remains uncertain.

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What changed

The dollar's strength against most peer currencies is now corroborated across sources.

Live updates

  1. Yen nears 40-year low as dollar remains strong

    The Japanese yen is approaching its lowest point in four decades. The US dollar maintains its strength against most other currencies. This stability comes while a peace agreement between the US and Iran remains uncertain.

    What's confirmed:

    • The US dollar held firm against most peers on Friday.
    • A peace deal between the US and Iran remains uncertain.
    confidence 100%

  2. Yen Nears 40-Year Low Despite Bank of Japan Rate Hike

    The Japanese yen has fallen past 161 against the dollar, approaching its weakest level in 40 years. A Bank of Japan rate hike and more than $70 billion in interventions failed to stop the decline. The US dollar remains firm as a potential peace deal between the U.S. and Iran remains uncertain.

    What's confirmed:

    • The yen has fallen past 161 against the US dollar.
    • The Japanese currency is nearing a 40-year low.
    • Japan conducted more than $70 billion in interventions to support the yen.
    • The Bank of Japan implemented a rate hike that failed to stem the currency rout.
    • The dollar reached as high as 161.8 yen late on Thursday.
    • Japanese authorities have vowed to act any time to support the currency.
    • The US dollar held firm against most peers on Friday, June 19.

    Still unconfirmed:

    • Sterling gains followed a victory by Burnham in the Makerfield by-election.
    • A hawkish turn from Fed official Warsh strengthened the dollar.
    confidence 95%