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fxJun 30, 2026, 1:02 AM

Japanese Yen Plunges Below 162.00, Hits Fresh Four-Decade Low Against USD

The USD/JPY pair surged past the critical 162.00 level, reaching a fresh four-decade high as the yen weakened sharply. Markets remain on intervention watch.

USDJPY

The Japanese yen weakened to its lowest level in over 40 years against the US dollar, with USD/JPY breaking above the psychological 162.00 mark during Asian trading on Tuesday. The move marks a fresh four-decade low for the yen.

Traders are now closely watching for potential intervention from Japanese authorities, who have previously signaled concern over excessive currency weakness. The prospect of official action may be capping further gains in USD/JPY for the time being.

Source: FXStreet Forex News