Resilient Dollar Takes a Step Back, Markets Still Wary of Yen Intervention Risk

Resilient dollar takes a step back, markets still wary of yen intervention risk

LONDON, June 26 : The dollar was a touch softer against other major currencies on Friday as fresh economic data and Federal Reserve comments led markets to pare rate-hike bets, allowing the yen — trading in an intervention danger zone — to find firmer ground.The greenback was still poised to end the week

Resilient dollar slips, markets still wary of yen intervention risk

Dollar takes a step back but set for strong June

Yen wobbles near 40-year low as dollar pauses for breath

SINGAPORE: The yen tottered near its weakest level against the dollar in ‌40 years early in Asia on Friday as traders reined in bets for Federal Reserve rate hikes after U.S. inflation met forecasts and central bank officials sent mixed signals about the policy path ahead. Breaching the 161.96 mark would take ​it to its weakest level since 1986. The yen was little changed after data showed on ⁠Friday that core inflation in Tokyo accelerated in J…

Dollar at a 13-month high, the yen takes the strain

The dollar is firmer against every major. The dollar index is around 101.7, its strongest since March 2025, up about 2.5% on the month; the euro sits near 1.16 despite the ECB’s June hike to 2.25%, and sterling is soft. The move is rate-driven rather than risk-off, and the yen is bearing the brunt. USD/JPY is around 161.5, its weakest since 1986. The Bank of Japan raised its policy rate to 1% this month, but a gap of 250 to 275 basis points to t…