Econographics
July 7, 2026 • 12:37 pm ET
Hung Tran
Amid reports of Japan’s current account surplus hitting record highs and international investors losing confidence in the US dollar, the story would seem straightforward: as the dollar falters, the yen should be soaring. But that’s not what’s happening.
Instead, defying conventional expectations, the yen continued to weaken in late June, touching a four-decade low of ¥162.8 per US dollar as the greenback climbed to a thirteen-month high. Over the past year, the US currency has gained 4.5 percent.
