Home Currency Yen slips to 39-year low as dollar rally gathers steam
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Yen slips to 39-year low as dollar rally gathers steam

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Investors price in Fed tightening while markets watch for Tokyo response

20260629N yen notes

The yen’s decline has heightened expectations that Tokyo could intervene in currency markets. (Photo by Akira Kodaka)

NEW YORK/TOKYO — The yen fell to a 39-year low against the greenback on Monday, as dollar buying driven by U.S. rate-hike expectations mounted pressure on the Japanese currency.





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