Yen Hits Five-Week High at ¥156.10 as U.S. Yields Slide
The yen reached a five-week high against the U.S. dollar at ¥156.10. Falling U.S. Treasury yields and safety demand lifted the currency, while Japan's inflation reached a 2026 peak.
The Japanese currency is gaining as investors seek safety and U.S. Treasury yields fall. Firmer inflation is also bolstering the case for another BOJ rate increase next week. The yen is benefiting from reduced risk appetite, while traders are watching to see whether the breakdown holds.