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fxJul 6, 2026, 4:17 PM

Yen Falls Toward Multi-Decade Lows as Dollar Strengthens

USD/JPY traded around 162.30 on Monday, up 0.58% on the day, extending its rebound as the US dollar strengthened.

USDJPY

The Japanese yen weakened on Monday, approaching multi-decade lows against the US dollar. The USD/JPY pair traded near 162.30, up 0.58%, continuing its rebound from last week.

Dollar strength pressured the yen, with the pair moving further away from recent support levels. Traders watch for potential intervention as the yen approaches historically weak territory.

Source: FXStreet Forex News