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fxJun 30, 2026, 4:24 PM

Yen Extends Decline as US-Japan Rate Gap Supports Dollar

USD/JPY traded around 162.65, up 0.44% on the day, remaining near its highest level in several years as the interest rate differential between the US and Japan continues to weigh on the yen.

USDJPY

The Japanese yen extended its fall against the US dollar, with USD/JPY trading around 162.65, up 0.44% on the day. The pair remains close to its highest level in several years.

The move is attributed to the persistent US-Japan interest rate gap, which supports dollar demand. Market participants continue to monitor the pair as the rate differential favors the greenback.

Source: FXStreet Forex News