Current location:entertainment >>
Japan's yen falls to its weakest since 1990 against the dollar
entertainment79People 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.
Tags:
Reprint:Friends are welcome to share on the Internet, but please indicate the source of the article when reprinting it.“Earth Explorer news portal”。http://ghana.whetstonetavern.com/article-39e199839.html
Related articles
Europeans share things about the American lifestyle that leave them absolutely baffled
entertainmentFrom the way we say 'water' to whether we dub something a biscuit or a cookie, Britons have always h ...
Read moreModels of China's space station and lunar rover Yutu displayed in Vienna
entertainmentPhoto taken on Sept. 28, 2021 shows a model of China's lunar rover Yutu at the Vienna International ...
Read moreHainan eyes bigger role in nation's opening
entertainmentConstruction of the Hainan Free Trade Port is gathering momentum, said a top official of Hainan prov ...
Read more
Popular articles
- 7 Minnesotans accused in massive scheme to defraud pandemic food program to stand trial
- China's non
- China registers 415 million motor vehicles, 500 million drivers
- 3 scientists share 2022 Nobel Chemistry Prize
- Why International Criminal Court has Israeli officials worried
- China to lead way in clean energy shipbuilding
Latest articles
Ashley Roberts shows off her incredible figure in a stylish Barbie
Chinese tech giants strive to achieve carbon neutrality
China's NEV exports rise on supply chain strengths, policy incentives
Steps to attract more Chinese visitors urged
China's NEVs powering up to lead global sustainability charge
China launches new remote
LINKS
- Summer Vacation Campaign of Caring for Children Launched
- China Shares Experiences in Fighting Against COVID
- Enchanting Sydney's streets with Chinese music
- China's Top 10 Cases Involving the Enforcement of Restraining Orders Released
- ACWF Holds Mobilization Meeting on Party History Learning and Education
- China to launch law popularization campaign aimed at rural women
- ACWF Honors 3 Women Dedicated to Curbing COVID
- Summer Vacation Campaign of Caring for Children Launched
- Asian Winter Games to bring new development opportunities to Harbin
- China Shares Experiences in Fighting Against COVID