Japanese Authorities Seem Calm as Yen Hits Near Two-year Low vs Dollar

Dow Jones06-29 22:13

1412 GMT - Japanese authorities seem to be refraining from further interventions to curb the yen's weakness, XM analyst Achilleas Georgolopoulos says as the yen falls to a near two-year low against the dollar. The yen is weaker after the Japanese government published its draft economic blueprint urging the Bank of Japan to align its monetary policy decisions with the government's growth agenda, he says. This implies "low interest rates and a very gradual exit from the current accommodative stance." The dollar rises to as high as 161.96 yen, according to LSEG. If it rises above 161.99, it would reach the highest levels in nearly 40 years. (renae.dyer@wsj.com)

 

(END) Dow Jones Newswires

June 29, 2026 10:13 ET (14:13 GMT)

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