Category forex

Yen Hits 40-Year Low

Yen falls to 40-year low as Treasury yields drive dollar higher The yen has hit a 40-year low, driven by higher Treasury yields. The yen's decline comes as Japan's FX warnings fall short of signaling imminent intervention. China's manufacturing PMI capped i

Dollar Surges To 40-Year High Against Yen

Yen falls to 40-year low near 162.75 per USD The yen hit a 40-year low near 162.75 per dollar as US Treasury yields jumped and traders lifted Fed September hike bets to 67% from 20.5% a month ago. The bigger driver remains the US side of the pair, with Treasury yiel