Shafaqna English- With oil prices climbing and US bond yields moving higher, the dollar strengthened further on Wednesday(22 Jul 2026), pinning the yen close to a multi-decade trough and fueling market speculation that Japanese authorities might soon intervene to halt the currency’s slide.
In New York trading on Tuesday(21 Jul 2026), the yen dropped to 163.24 per dollar — its weakest reading since late 1986 — and remained near that level at 163.21 as Asian markets opened on Wednesday(22 Jul 2026).
Overnight, the dollar strengthened broadly across the board, momentarily knocking the euro below $1.14, while US forces launched their 11th straight night of strikes on Iranian targets — a backdrop that helped the greenback hold its ground.
Source: Reuters