Your current location:HOME >style >Japan's yen falls to its weakest since 1990 against the dollar 正文
TIME:2024-05-21 08:17:50 Source: Internet compilationEdit:style
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.
College baseball notebook: Conference tournaments to decide NCAA automatic bids and many at2024-05-21 07:39
No sanctions on China over Hong Kong: PM2024-05-21 07:32
Let's Get Wellington Moving project 'a bit of a disaster'2024-05-21 07:19
New Year Honours: New Zealanders recognised for acting, saving lives, writing hymns and more2024-05-21 07:01
Baby Reindeer's real2024-05-21 06:57
Ukraine lowers conscription age after drop in volunteers to fight Russian invasion2024-05-21 06:50
Former army officer jailed after raping Wellington sex worker2024-05-21 06:48
Taiwan earthquake rescuers face threat of landslides, rockfalls as death toll at 122024-05-21 06:28
Student fatally shot, suspect detained at Georgia's Kennesaw State University2024-05-21 06:02
China passes Hong Kong security bill2024-05-21 05:49
Ship that caused Baltimore bridge collapse has been refloated2024-05-21 07:57
Protest against fast2024-05-21 07:57
Bonnie Tyler's Total Eclipse Of The Heart soars on music charts during total solar eclipse2024-05-21 07:49
New Year Honours: New Zealanders recognised for acting, saving lives, writing hymns and more2024-05-21 07:44
Who is Jacob Zuma, the former South African president disqualified from next week's election?2024-05-21 07:20
Argentine ant sniffer dog averts potential disaster on Matiu / Somes Island2024-05-21 06:49
New Zealand is in a recession: What you need to know2024-05-21 06:44
Worldwide coronavirus deaths exceed 16,5002024-05-21 06:02
Ricky Stenhouse punching Kyle Busch could lead to suspension2024-05-21 05:55
Planes collide at Heathrow, no one hurt2024-05-21 05:39