Current location:sport >>
Japan's yen falls to its weakest since 1990 against the dollar
sport9People 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.“Earthly Exploits news portal”。http://unitedarabemirates.fidosfortywinks.com/article-95e599383.html
Related articles
Siblings trying to make US water polo teams for Paris Olympics
sportWALNUT, Calif. (AP) — Chase Dodd started swimming when he was just a kid. Once he began playing wate ...
【sport】
Read moreChina's gigantic telescope provides nearly 900 observation hours to foreign researchers
sportGUIYANG, March 31 (Xinhua) -- China's Five-hundred-meter Aperture Spherical radio Telescope (FAST), ...
【sport】
Read moreWoman Seeks to Showcase Dong Culture
sportContact Us HomeNewsHighlightACWF NewsSocietyWom ...
【sport】
Read more
Popular articles
- Supreme Court declines to hear challenge to Maryland ban on rifles known as assault weapons
- Millennial Chinese Nurse Striving to Improve Self
- Woman Devoted to Maliu Folk Embroidery Preservation
- Former Teacher Helps Farmers Get Keen on Quinoa
- Target to lower prices on basic goods in response to inflation
- I'm a cruise ship worker... here are nine things NOT to do at the buffet
Latest articles
Insider Q&A: CIA's chief technologist's cautious embrace of generative AI
Advancing Rural Development Through Modern Agriculture
Chinese Artistic Swim Sister Duo Bags Back
Pic Story of a Team Committed to Inheriting Yangliuqing Woodblock Painting in Tianjin
Dodgers acquire pitcher Yohan Ramírez from Mets for cash
NPC Deputy from Hunan Province Dedicated to Improving People's Livelihood at Grassroots Level
LINKS
- Xi meets Merieux Foundation president and his wife
- China's UN envoy hailed as he leaves office
- Beijing strongly protests Manila's recent remarks
- Beijing urges Manila to act with caution
- Experts: Lavrov trip eyes global agenda
- Xi holds talks with Indonesia's president
- Policies yield key results in Xiong'an
- U.S. experiencing 'full
- Attack on Iranian consulate in Syria condemned
- Xi meets U.S. guests