Current location:Horizon Herald news portal > style
Japan's yen falls to its weakest since 1990 against the dollar
Horizon Herald news portal2024-05-01 00:01:53【style】8People have gathered around
IntroductionNEW YORK (AP) — Some of the world’s wildest action in financial markets is roiling around the Japane
NEW YORK (AP) — Some of the world’s wildest action in financial markets is roiling around the Japanese yen.
The value of Japan’s currency has tumbled so much that for a moment on Monday it took 160 yen to equal $1. A few years ago, it took closer to 100 yen to make a U.S. dollar. The yen has been so weak that it’s back to where it was in 1990, shortly after Japan’s famous “bubble economy” burst.
After it briefly touched the 160 yen level in overnight hours for traders in New York, the value of a dollar quickly shifted back to 156 yen by midday Monday on the East Coast. Such sudden moves can happen in the foreign-exchange market, which can be notoriously volatile. Trading may also have been jumpy because of a holiday in Japan that kept its stock market closed. But the speed and degree of the yen’s swings raised speculation about whether Japanese officials were making moves to prop up the value of their currency.
Address of this article:http://paraguay.whetstonetavern.com/html-40e199940.html
Very good!(1458)
Related articles
- Switzerland to facilitate Chinese travel: Foreign Minister
- Biden delivers forceful State of the Union address
- Wide range of issues raised in media interviews
- Xi congratulates Putin on reelection
- China's 1st domestically made polar icebreaker Xuelong 2 leaves HKSAR for Shanghai
- Xi congratulates Putin on reelection
- Spokesman calls on U.S. to translate commitment into action
- China welcomes Hungary's visa facilitation measures: FM spokesperson
- World Robot Conference 2022 held in Beijing
- Xi emphasizes no letup in drive to combat air pollution
Popular articles
Recommended
Kremlin calls Biden's remarks on Putin unacceptable
China calls for high
Chinese scholar introduces nation's human rights protection of the disabled at Human Rights Council
China prepares to boost multiple sectors to help develop innovative talent
Hezbollah praises Iranian attack on Israel
China prepares to boost multiple sectors to help develop innovative talent
Waters of South China Sea should be kept calm, Wang Yi says
Officials refute so
Links
- Report: MLB to modify Nike uniforms after complaints from players, fans
- Israeli airstrike kills 14 in Gaza's refugee camp
- Foreign diplomats impressed by traditional culture, high
- Pakistani FM Ishaq Dar designated deputy PM
- 50 migrants reported missing and 9 rescued after their boat overturns off Spanish Atlantic island
- Arkansas teacher, 26, is charged with sexually assaulting 15
- Rangers finish off sweep of the Capitals, move on to the 2nd round of the NHL playoffs
- US opens investigation into Ford crashes involving Blue Cruise partially automated driving system
- Chinese military ready to boost ties with Indonesian counterpart: defense spokesperson
- Chinese military ready to boost ties with Indonesian counterpart: defense spokesperson