Your current location:HOME >entertainment >Japan's yen falls to its weakest since 1990 against the dollar 正文
TIME:2024-05-21 17:49:12 Source: Internet compilationEdit:entertainment
NEW 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.
Shohei Ohtani's first walk2024-05-21 17:45
Joe Collier, former Bills head coach, dies at 912024-05-21 17:41
Liverpool get back on track with 42024-05-21 17:38
Ministers roll out a £64 million plan to help long2024-05-21 17:22
Ship that caused Baltimore bridge collapse has been refloated2024-05-21 16:58
Paris 2024 torch relay cauldron design unveiled2024-05-21 16:37
Real Madrid clinch record2024-05-21 15:54
WNBA to begin full2024-05-21 15:47
Ohio judge to rule Monday on whether the state’s abortion ban stands2024-05-21 15:40
How has the Met Gala come to this? Rita Ora and Doja Cat lead starlets going semi2024-05-21 15:14
Kevin Pillar gets 1,000th career hit in Angels' win at Texas2024-05-21 17:42
Leverkusen unbeaten run up to 48 after Frankfurt win2024-05-21 17:26
'China is behind this': MPs lash out at Beijing over cyber2024-05-21 17:21
Xinjiang move one win away from CBA Finals2024-05-21 17:19
Britain's new bonkers EV: Callum Skye is an £80k electric buggy built in Warwickshire2024-05-21 17:05
Soccer fans now have a day to celebrate the world's most popular sport2024-05-21 16:51
Big Ten women's basketball schedule brings USC, UCLA to conference's easternmost schools2024-05-21 16:45
Joe Burrow is throwing again as the Bengals' franchise QB rehabs his surgically repaired wrist2024-05-21 16:45
The unstoppable duo of Emma Stone and Yorgos Lanthimos2024-05-21 16:13
Kenvue, Crocs rise; Disney, Teradata fall, Tuesday, 5/7/20242024-05-21 15:49