The Japanese currency climbed to its highest level in more than 14 years against the US dollar during early Asian trading on Friday. The yen touched 84.84 versus the greenback by 6:40 pm ET, the highest level since the tail end of July 1995. The greenback-yen pair that closed Thursday's deals at 86.59 is presently quoted at 85.45.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.