Currency update: Yen slides to 24-year low against US dollar

Quick Summary

The increasingly polar policies have strengthened the greenback, and on Monday one dollar bought 135.

The yen’s trajectory may depend on how the US Fed acts in its September meeting, with worse-than-expected inflation figures for May raising expectations of further rate hikes.

It’s a level not seen since October 1998 during the Asian currency crisis, and marks a dramatic drop from January rates of around 115 yen per dollar.

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Article Details & Transparency

Author / Journalist: AFP

Category: Business Finance

Topics: Economy Policy Japan Seen Inflation Monday Prices Japan’s Monetary Dollar Weaker

Source Website Secure: Yes (HTTPS)

Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

News Source URL: thenews.com.pk

Readership Location: Pakistan

Published Date: 2022-06-13, 12:00:00

News Timezone: GMT +8:00

Language: English

Original Article Length: 626 words

Reading Duration: 4 minutes read

Compatibility: Desktop Web, Mobile Web, iOS App, Android App

News ID: 300645

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Name: The News International

Main Topics: BusinessFinance

Official Website: thenews.com.pk

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Coverage Areas: Pakistan

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