Japanese yen

2024 - 4 - 15

Yen Hits 34-Year Low Against Dollar: What's Behind Japan's Currency Crisis?

Bank of Japan - Currency markets - Federal Reserve rate cut - Forex markets - Intervention risks - Japanese Yen - USD/JPY pair

Discover the latest on the Japanese yen's plunge against the dollar - an economic rollercoaster ride!

The Japanese yen is facing turbulence as it continues to drop against the US dollar, reaching a level not seen in over three decades. Speculations about reduced Fed rate cuts have strengthened the USD, pushing the USD/JPY pair to new heights. This downward trend has sparked worries about potential currency interventions and increased geopolitical tensions.

In a significant development, the yen slumped to its lowest point since 1990, with the dollar gaining 0.6% against the Japanese currency. Investors are closely monitoring any signs of intervention that could impact currency markets. The ongoing depreciation of the yen has placed it at a mid-154 range against the dollar, highlighting the extent of the currency's decline.

The dollar's surge following strong US retail sales data has further exacerbated the yen's weakness. The yen's drop to the 154 range against the dollar, after 34 years, reflects shifting expectations regarding US economic policies. Concerns about the impact of this currency fluctuation on Japan's economy are mounting.

As the yen hits its weakest point since 1990, Japan's Finance Minister Shunichi Suzuki has emphasized the country's readiness to take necessary actions to address the currency's decline. With market uncertainty and global economic shifts, Japan remains vigilant in monitoring foreign exchange movements. The yen's depreciation has also influenced Asian markets, contributing to a 1% decline in Singapore's STI index. The ongoing struggle to stabilize the yen highlights the complex interplay between global economic forces and regional market dynamics.

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Image courtesy of "FXStreet"

Japanese Yen remains heavily offered around 154.00, fresh multi ... (FXStreet)

Reduced Fed rate cut bets underpin the USD and lift the USD/JPY pair to a fresh multi-decade peak. Intervention fears and persistent geopolitical tensions do ...

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Image courtesy of "Reuters India"

Japan's yen falls to lowest since 1990, dollar/yen up 0.6% (Reuters India)

The yen weakened on Monday, pushing the dollar to its highest against the Japanese currency since June 1990, with markets alert to any signs of intervention ...

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Image courtesy of "Nikkei Asia"

Japan's yen sinks to fresh 34-year low against dollar (Nikkei Asia)

TOKYO -- The yen dropped to the mid-154 range against the dollar on Monday, touching the lowest level since June 1990 as speculation about early U.S..

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Image courtesy of "Kyodo News Plus"

Yen sinks to 154 range vs dollar for 1st time in 34 years (Kyodo News Plus)

The Japanese yen fell into the 154 range against the U.S. dollar in Tokyo for the first time in nearly 34 years on receding expectations that the U.S. ...

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Image courtesy of "Reuters.com"

Dollar jumps, yen weakest since 1990 after strong U.S. retail sales (Reuters.com)

The dollar reached its highest since early November against a basket of currencies on Monday, and sent the yen to its lowest level since 1990, after U.S. ...

Japan to take all necessary steps to counter yen's dip: FinMin (新华网)

TOKYO, April 15 (Xinhua) -- Japanese Finance Minister Shunichi Suzuki said he was closely watching foreign exchange moves, noting Japan will take "all ...

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Image courtesy of "The Business Times"

War worries weigh on Asian markets; STI down 1% (The Business Times)

THE greenback reached its highest since early November against a basket of currencies on Monday (Apr 15), and sent the yen to its lowest level since 1990, ...

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Image courtesy of "DailyFX"

USD/JPY Price Outlook: Yen Weakness Gathers Pace, Teasing FX ... (DailyFX)

A simple, equal weighted index measuring the performance of the Japanese yen revealed a broad decline in the currency versus a basket of major currencies. The ...

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Image courtesy of "Bloomberg"

T. Rowe Price Says Yen Is at Risk of Falling 10% Against Dollar (Bloomberg)

The Japanese yen will continue its drop and could slide another 10% to levels not seen since the 1980s because of the Bank of Japan's reluctance to raise ...

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Image courtesy of "BNN"

T. Rowe Price Says Yen Is at Risk of Falling 10% Against Dollar ... (BNN)

(Bloomberg) -- The Japanese yen will continue its drop and could slide another 10% to levels not seen since the 1980s because of the Bank of Japan's ...

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Image courtesy of "FXStreet"

Japanese Yen languishes near 34-year low against USD despite ... (FXStreet)

The Japanese Yen remains depressed near a multi-decade low amid the BoJ's dovish outlook. Reduced Fed rate cut bets lift the USD to a fresh YTD top and ...

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Image courtesy of "Reuters.com"

Dollar firms after hot retail sales, yen languishes; China data awaited (Reuters.com)

The dollar stood just off its highest since early November against a handful of peer currencies on Tuesday, raising intervention worries as the yen ...

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Image courtesy of "Investing.com"

Japanese yen on intervention watch as USDJPY sails past 154 (Investing.com)

Weakness in the yen came even as top Japanese finance and currency diplomats warned against excessive speculation in currency markets. The Japanese government ...

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Image courtesy of "The Straits Times"

Yen hits fresh three-decade low as intervention risks rise (The Straits Times)

“We are closely monitoring the latest developments,” Mr Shunichi Suzuki said in Tokyo before flying to Washington for the annual International Monetary Fund ...

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Image courtesy of "Yahoo Finance"

Japan's Yen Hits a Fresh Three-Decade Low of 154 (Yahoo Finance)

(Bloomberg) -- Japan's finance minister stopped short of issuing his strongest warning on possible market intervention in comments that fueled renewed yen ...

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Image courtesy of "The Business Times"

13 months' jail for third money laundering individual who lied to CAD ... (The Business Times)

JAPAN'S finance minister warned he was ready to take action in the foreign exchange market if needed, but stopped short of his maximum threat, comments that ...

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