The Japanese yen that advanced against its major rivals following the Bank of Japan Governor Haruhiko Kuroda's remarks in early New York deals that the central bank has done "what's necessary and possible for now" reversed direction as the session rolled on.
The yen slipped to 99.71 against the dollar around 9:10 am ET, its weakest level since May 2009 and down by more than 0.7 percent from its recent high of 98.99.
The yen also retreated to reach fresh multi-year lows of 152.72 against the pound and 107.09 against the Swiss franc around 9:20 am ET. The yen fell as low as 130.48 against the euro around the same time, just a few pips short of early European session's near 3-year low of 130.50.
For comments and feedback contact: editorial@rttnews.com
Forex News
May 22, 2026 14:46 ET Minutes of the latest Fed policy session was the highlight of the week along with survey data on the U.S. housing market. In Europe, survey data signaled the trends in the euro area private sector. Further, consumer price inflation data from the U.K. was in focus. In Asia, various economic indicators from China drew attention to the health of the economy.