On Monday, June 29, the Japanese yen fell to its lowest level in 40…

On Monday, June 29, the Japanese yen fell to its lowest level in 40 years at 161.97 yen per dollar. Trading in New York, the Japanese national currency dropped 0.1% against the dollar, reaching 161.9 yen.

Consensus

• The Japanese yen fell to its lowest level against the U.S. dollar since 1986 on June 29, 2026.
• The Bank of Japan raised interest rates to a maximum level since 1995 in mid-June 2026.
• The yen's depreciation is linked to expectations of higher U.S. interest rates.

Points of divergence

• The yen's depreciation increases costs for importing oil and gas, affecting consumers. — vm
• The Bank of Japan's decision to abandon negative interest rates contributed to the yen's weakness. — vm
• The Russian Central Bank set the official dollar rate above 77 rubles on June 26, 2026. — vm
• The Russian Central Bank's dollar rate is expected to rise to 80 rubles by early July 2026. — vm

Coverage (3 sources)

• Japanese Yen Plummets to 40-Year Low — Вечерняя Москва
• Yen hits lowest level against the dollar since 1986 — Ведомости
• Japanese yen falls to 1986 low against the dollar — Коммерсантъ

Key entities

• USA
• Bloomberg
• Central Bank
• Federal Reserve System
• Interfax
• Japan
• New York
• The Authorities
• NHK
• Bank of Japan
• Yena