The Japanese yen weakened against other major currencies in the European session on Monday, due to worries about Japanese authorities intervening in the foreign exchange market.
Concerns over Japan's economic future and rising oil prices continue to put pressure on the Japanese yen (JPY).
Following Donald Trump's rejection of Iran's demands regarding the Strait of Hormuz, West Texas Intermediate (WTI) is currently trading at about $95. The Japanese yen is especially susceptible to rising energy prices because of Japan's reliance on energy imports.
For comments and feedback contact: editorial@rttnews.com
Business News
June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.