Yen Remains Under Pressure

2026-07-06 08:25:00 ET

The dollar ( DXY ) begins the new week on a firm note despite the disappointing employment report last week, but except against the yen, it remains within recent ranges. Japanese official rhetoric has not increased, and the sell-off in JGBs seemed to add to the weight on the yen. The dollar rose to JPY162.40, a yen higher than it settled before the weekend. The yen is off about 0.6% late in the European morning. Of the G10 currencies, the New Zealand dollar is off almost as much even though its central bank is likely to hike its key rate in the middle of the week....

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