# Yen drops sharply versus the dollar after earlier hitting 40-year low

> The dollar stayed near a 13-month high while the yen hit a 40-year low against it. Traders raised bets on Fed rate hikes this year, and a strong US equity market drew in capital.

- Date: 2026-06-29 · published 2026-06-29T12:00:00.000Z
- Category: macro · region US · magnitude low
- Page: https://feedsoft.ai/events/19046-yen-drops-sharply-versus-the-dollar-after-earlier-hitting-40-year-low
- Commodities: [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md), [Japanese Yen (JPY per USD)](https://feedsoft.ai/c/USDJPY.md)

## Why it matters

A firmer dollar on rate-hike bets typically weighs on dollar-denominated grain and oilseed prices and raises the cost of imports for emerging-market feed buyers.

## Read by commodity

- DXY: bullish ▲
- USDJPY: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| DXY | 2022-09-26 | [Sterling hits all-time low versus broadly stronger dollar \| Reuters](https://feedsoft.ai/events/39829-sterling-hits-all-time-low-versus-broadly-stronger-dollar-reuters.md) | +0.2% | +0.6% |
| DXY | 2026-06-30 | [Dollar ticks up after U.S. job openings hit two-year high; yen at 40-year lows By Investing.com](https://feedsoft.ai/events/19052-dollar-ticks-up-after-u-s-job-openings-hit-two-year-high-yen-at-40-year-lows-by.md) | -0.1% | -0.3% |
| DXY | 2021-09-16 | [Sterling slips versus stronger dollar after U.S. data beat](https://feedsoft.ai/events/45309-sterling-slips-versus-stronger-dollar-after-u-s-data-beat.md) | +0.6% | +1.1% |
| DXY | 2021-02-26 | [Dollar firms after U.S. yield spike, hits six-month high versus yen \| Reuters](https://feedsoft.ai/events/10595-dollar-firms-after-u-s-yield-spike-hits-six-month-high-versus-yen-reuters.md) | +0.7% | +1.9% |
| DXY | 2018-11-09 | [Dollar supported by hawkish Fed, yen bounces after hitting five-week low: Reuters - Forexsites](https://feedsoft.ai/events/62288-dollar-supported-by-hawkish-fed-yen-bounces-after-hitting-five-week-low-reuters.md) | +0.2% | +1.0% |

## Sources

- cnbc.com: https://www.cnbc.com/2026/06/29/dollar-poised-for-best-month-in-nearly-a-year-eyes-on-jobs-data-gulf-tension.html

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.