-
USD/JPY is jusy shy of 152.00 and at its highest since 1990
Added at 11:23pm
-
Yen sinks to 34-yr low against US dollar
Added at 11:25pm
-
Yen Drops to Lowest Since 1990
The yen slid to weakest level in about 34 years against the dollar, fanning speculation that Japan will step up its effort to slow the decline. The currency declined 0.3% to 151.97 per dollar in Tokyo, passing the 151.95 level set in October 2022. Japan’s top currency official this week delivered his most robust salvo of warnings in months against speculative moves in the foreign-exchange market. “The current weakening of the yen is not in line with fundamentals and is clearly driven by speculation,” Masato Kanda, vice finance minister for international affairs, told reporters on Monday. “We will take ... (full story)