Perhaps. But I don't think there is an existing (open weights) model that really knows YIVO Yiddish, either, so what should I base this fine-tuning on?
So given a Latin-script token from a model that does OK in German (bonus points if it also does Hebrew), generate several candidate Hebrew-script tokens with some regex search-and-replace, then use the resulting vocabulary to tokenize your Yiddish corpus and for each original token keep the candidate replacement that was used most often in the tokenization.
This vocabulary replacement should give you a model that does OK in German-in-Hebrew-script. I think that would be a better base for a Yiddish model than training from scratch, but of course that's just a hunch that might turn out to be wrong.