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

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 its strongest quarter since 2020, with a reading of 51.7, while Japan’s manufacturing PMI was 54.8.

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