Yen Mid-Year Outlook: BoJ Rate Hikes Fail to Stem Decline
The Japanese yen continues its downtrend against the US dollar, hitting multi-decade lows despite Bank of Japan rate increases.
USDJPY
The Japanese Yen has been in a pronounced downtrend since the start of 2026, hitting a series of multi-decade lows versus the US Dollar as it enters the second half of the year. The Bank of Japan’s rate hikes have so far failed to reverse the currency’s weakness.
Source: FXStreet Forex News