Yen Slides to Fresh 40-Year Low as Dollar Firms; Dow Futures Ease After Blockbuster First Half
- USD/JPY pushed to roughly 162.50 on June 30, a new ~40-year low for the yen, stoking fresh talk of Japanese intervention just hours after the Dow closed its best first half since 2020.
- CNBC's live blog notes Dow futures softened in late trade even as the S&P 500 and Nasdaq capped their strongest quarter since 2020, a pattern consistent with profit-taking and FX repositioning into July.
- A weaker yen typically pressures U.S. exporters with Japan-heavy revenue and complicates Fed rate-cut math by tightening global financial conditions.