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JPY Falls to Lowest Against USD Since 1986; Every JPY100 at HKD4.82
2026-06-30 08:23:26 The JPY fell to its weakest level against the USD since 1986, with traders on high alert for a potential intervention by Japanese authorities. Overnight (29th), the JPY once touched a low of 161.98 per USD, breaking below the 161.95 level reached during Japan's market intervention in July 2024. The JPY last printed at 161.95 per USD, with every JPY100 at HKD4.82. Andrew Hazlett, a forex trader at Monex, said that if the JPY does not adjust quickly, intervention measures could be introduced soon. However, if Japan fails to address the interest-rate differential, any intervention would only have a temporary effect. ~ AASTOCKS Financial News Website: www.aastocks.com | |