Current location:Stellar Scope news portal > world
Japan's yen falls to its weakest since 1990 against the dollar
Stellar Scope news portal2024-05-21 19:35:13【world】9People 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://guam.afischerphasedrives.com/content-51e199761.html
Very good!(44)
Related articles
- Independent UN experts urge Yemen’s Houthis to free detained Baha'i followers
- Travis Kelce accepts a 'friendly' $14m Chiefs contract 'to keep the team together', claims ex
- Turkish dental surgeon screwed tooth implant into father's BRAIN cavity in horrific blunder
- Jennifer Lopez looks terrified in new trailer for her sci
- Inquiry slams UK authorities for failures that killed thousands in infected blood scandal
- Jennifer Lopez looks terrified in new trailer for her sci
- John Lennon's long
- Remnants of bird flu virus found in pasteurized milk, FDA says
- Adams, Reyna, Turner, Ream are US concerns ahead of Copa America
- NASA leaders discuss global challenges, solutions with Mexico president, lawmakers and students
Popular articles
Recommended
Mystery artist who erected signs comparing pothole
Six winners of the Mail's Inspirational Women Awards are honoured in glittering ceremony in London
Billie Piper claims her Sky drama I Hate Suzie 'didn't get a big enough audience'
Pitchers Kyle Hendricks and Drew Smyly put on injured list by Chicago Cubs
Jessica Biel CHOPS her long locks into a bob after book signing in Studio City
Public schoolboy smashed skulls of two pupils as they slept and tried to kill teacher at £41,000
Defensemen injuries are already piling up early in the NHL playoffs
Jeep maker Stellantis to lay off an unspecified number of factory workers in the coming months
Links
- Dick Van Dyke earns Daytime Emmy nomination at 98
- Global exhibitors seek opportunities at consumer expo in Hainan
- Rockies rally for 2 runs in 10th to beat Mariners 2
- Musgrove goes 7 innings and Bogaerts homers as the Padres beat the Blue Jays 6
- Airport near volcano reopens as Indonesia lowers eruption alert level
- Damian Lillard sets Bucks' postseason mark with 35 points in opening half vs Pacers
- Glimpses of Beijing through windows and doorways
- Kenyan president confirms military chief's death in plane crash
- Cher, Ozzy Osbourne among 2024 Rock & Roll Hall of Fame inductees
- Global exhibitors seek opportunities at consumer expo in Hainan