Deutsche Bank’s report highlights that the Japanese Yen has weakened to a post‑2024 low against the Dollar, though its decline was smaller than other G10 currencies. The bank notes that restrained moves reflect proximity to levels that previously triggered FX intervention, with markets watching for potential official responses as US yields and the Dollar remain elevated.

Yen hovers near prior intervention zone

"In other corners of the market, the Japanese yen is largely unchanged, after falling -0.14% yesterday to a post-2024 low of 160.65 against the dollar."

"However, that decline was smaller than for other G10 currencies, with the restrained moves coming as the yen reached levels that triggered FX intervention back in late April."

(This article was created with the help of an Artificial Intelligence tool and reviewed by an editor.)