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Yen near 40‑year low, expanded US‑Japan intervention
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Latest: Japan and United States Conduct Joint Yen Intervention to Halt 40‑Year Low
In late June 2026 the yen slipped to around ¥162 per dollar, its weakest level since 1986, as a widening U.S.–Japan interest‑rate gap (Japan 1 % vs. U.S. 3.75 %) and higher oil prices amplified carry‑trade pressure. Fina