Yen teeters on cusp of 40-year low, pound firms
Key takeaways
- A pedestrian looks at a board showing the current Japanese yen exchange rates against the U.S. dollar outside a brokerage in Tokyo, Japan, June 18, 2026.
- LONDON/SINGAPORE, June 19 (Reuters) - The dollar held firm against most peers on Friday, as a peace deal between the U.S.
- The dollar climbed as high as 161.8 yen late on Thursday, closing in on July 2024 s 161.96.
Yen teeters on cusp of 40-year low, pound firms. A pedestrian looks at a board showing the current Japanese yen exchange rates against the U.S. dollar outside a brokerage in Tokyo, Japan, June 18, 2026. REUTERS/Kim Kyung-Hoon · Reuters By Alun John and Gregor Stuart Hunter Fri, June 19, 2026 at 9:10 PM GMT+7 3 min read DX-Y.NYB JPY=X By Alun John and Gregor Stuart Hunter
LONDON/SINGAPORE, June 19 (Reuters) - The dollar held firm against most peers on Friday, as a peace deal between the U.S. and Iran hung in the balance, pinning the yen around a two-year low, a break beyond which would take the Japanese currency to its weakest in 40 years.
The dollar climbed as high as 161.8 yen late on Thursday, closing in on July 2024 s 161.96. Any higher would take it to its strongest against the yen since 1986.