Tokyo: The dollar index, which measures the US currency against six other units, clawed back some of its overnight losses to be last at 101.28, set for a 1.4% rise in the quarter after gaining 1.6% in the first three months of 2026. The recent movements in the currency markets have been closely monitored by investors and analysts, as fluctuations in major currencies can have wide-reaching impacts on the global economy.

According to Oman News Agency, the Japanese yen fell to its lowest level since 1986, raising concerns about potential intervention by Tokyo in the currency market. The yen declined to 162.41 per dollar for the first time in 40 years, a situation that has prompted discussions about possible market interventions by the Japanese government to stabilize the currency. Meanwhile, the dollar retreated from its 13-month highs ahead of the release of jobs data that could influence the US rate outlook.

The euro experienced a slight dip of 0.18%, reaching $1.1403, which is not far from the one-year low it hit last week. Similarly, the Australian dollar dropped 0.27% to touch a three-month low of $0.6867, while the New Zealand dollar was valued at $0.5644. Additionally, the British pound softened by 0.17% to $1.3237, contributing to the overall movement observed in the currency markets.