Japanese Yen Sinks to Fresh Low Since 1986 Against USD
The USD/JPY pair continues to climb, reaching a new multi-decade high as the wide US-Japan interest rate differential persists.
The Japanese yen fell to its weakest level against the US dollar since 1986, extending a breakout from the previous trading session. The USD/JPY pair pushed higher during Asian trading, setting a fresh multi-decade high.
Traders continue to focus on the persistent gap between US and Japanese interest rates, which remains a key driver of yen weakness. The Federal Reserve's policy stance contrasts sharply with the Bank of Japan's ultra-loose monetary approach, keeping the dollar well-supported.
No other catalysts were cited, and the move appears driven by momentum and the ongoing rate differential.
Source: FXStreet Forex News