Your current location:HOME >politics >Japan's yen falls to its weakest since 1990 against the dollar 正文
TIME:2024-05-21 10:53:57 Source: Internet compilationEdit:politics
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.
Who is Jacob Zuma, the former South African president disqualified from next week's election?2024-05-21 10:28
Neymar to return to Santos in 2025: reports2024-05-21 09:53
Hong Kong Disneyland to launch world's first 'Frozen'2024-05-21 09:45
Snowfall disrupts transport in central, eastern China amid travel rush2024-05-21 09:38
'Constantly learning' Imanaga off to impressive start with the Chicago Cubs2024-05-21 09:33
CBA playoffs: Liaoning sweep Shenzhen to reach semis2024-05-21 09:06
Luis Enrique is rebuilding his reputation quickly after finally getting PSG to play like a team2024-05-21 08:36
Wu Lei brace sees China cruise past Singapore2024-05-21 08:35
Fresh heartache for cancer2024-05-21 08:13
David Malukas dropped by McLaren after injured IndyCar driver misses 4th race following bike crash2024-05-21 08:09
Kevin Pillar gets 1,000th career hit in Angels' win at Texas2024-05-21 10:48
Quanjude opens new store in Beijing's Wangfujing2024-05-21 10:25
IOC launches innovative Paris 2024 mobile game2024-05-21 10:06
Alonso steps away from unprecedented glory with Leverkusen2024-05-21 09:58
Bella Hadid goes braless in a thigh2024-05-21 09:50
Ambitious Ivankovic aims for World Cup finals2024-05-21 09:44
David Malukas dropped by McLaren after injured IndyCar driver misses 4th race following bike crash2024-05-21 09:38
CBA playoffs: Shanghai crush Beijing to reach last eight2024-05-21 09:35
Pentagon vows to keep weapons moving to Ukraine as Kyiv faces a renewed assault by Russia2024-05-21 09:22
Cangzhou edge Chengdu for first win of season2024-05-21 09:03