Japanese Yen Hits 40-Year Low Against US Dollar
The Japanese yen has fallen to its lowest level against the US dollar in 40 years, prompting concerns about its impact on daily life and potential intervention from Japanese authorities. The currency's depreciation has reached 162 yen to the dollar amid US interest rate concerns.
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JPY/USD Yen Hits Four-Decade Low in Historic Slide That’s Rattled Japan - Bloomberg.com
JPY/USD Yen Hits Four-Decade Low in Historic Slide That’s Rattled Japan Bloomberg.com
Read full article →Japanese Yen hits four-decade low against US dollar - why the currency is depreciating
The last time the yen traded at these levels, it was moving in the opposite direction, strengthening during a prolonged rally that followed a currency agreement brokered by the United States.
By TOI BUSINESS DESK
Read full article →Yen hits 40-year low against the dollar
The currency finally broke through the ¥161.96-to-the-dollar mark after trading near that level for about a week.
Read full article →Japan says ready to act as yen hits 40-year low
Read full article →Yen sinks to 39-year low of 162 against dollar amid US rate concerns
Currency weakens to level last seen in 1986, while risk of intervention limits further losses
By Anadolu Agency
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