Current location:Global Gazette news portal > politics
Japan's yen falls to its weakest since 1990 against the dollar
Global Gazette news portal2024-05-21 12:25:38【politics】2People 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://haiti.unhasdecoradas.org/article-62f299639.html
Very good!(76484)
Related articles
- Analysis: Larson enters conversation with Verstappen as best drivers in the world
- VOX POPULI: Abe faction’s ‘amended’ funds report is simply worthless
- One dead in Northland crash
- Immigration tightening might only be temporary
- Sweden beats France, Britain relegated after losing to Norway at hockey worlds
- Princess of Wales: Data watchdog 'assessing' Kate privacy breach claims
- Weather updates: Warnings across South Island, Taranaki, Coromandel, Bay of Plenty
- US Treasury Secretary Yellen visits China for high
- Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
- Hainan island: Known as 'China's Hawaii,' the vacation hotspot is also a strategic military base
Popular articles
- Trump accepts a VP debate but wants it on Fox News. Harris has already said yes to CBS
- VOX POPULI: Seven years on, the Moritomo Gakuen scandal still unexplained
- Politics updates: Follow updates for the latest on government targets
- VOX POPULI: Leadership skills of the past are missing in the politics of today
Recommended
Yvette Fielding says her Most Haunted co
Minister 'not convinced' Fire and Emergency needs further levy boost
Bill to make pseudoephedrine
VOX POPULI: Rooting for the Sendai killifish that survived the 2011 tsunami
Saudi Arabia is going to sponsor the WTA women's tennis rankings under a new partnership
Donald Trump's Georgia judge dismisses some criminal charges
How homeowners are responding to huge insurance premium hikes
Chinese comedy group punishment sends chills through arts sphere
Links
- What is happening with the NZ housing market this week?
- Coalition talks stretch on one month past election day
- Watch: PM Christopher Luxon speaks at first post
- Local board opposes boundary change for Ōtara community
- Daylight saving: When it ends, why we observe it and how to change the time on your phone
- Analysis: The coalition announcement was a three
- Bail for man accused of grabbing schoolgirl in west Auckland
- Māori Hui aa motu movement backed by Pacific leaders
- ‘Corrosive obsession with a person’s race’: David Seymour on Māori Wards
- Analysis: The coalition announcement was a three