Options traders pay rising premiums to hedge yen volatility as USD/JPY hits 162.38, its weakest since 1986, ahead of the July 4 US holiday liquidity drop.

The Japanese yen has dropped to its lowest level against the US dollar in four decades, putting markets on alert for urgent action by Tokyo to halt a slide that record…

The dollar surged to a 40-year high against the yen, fueled by rising U.S. Treasury yields and anticipation of a Federal Reserve rate hike. Traders are closely watching upcoming…