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The Japanese yen has reached 150 against the US dollar, its lowest level since August 1990.

The Japanese yen continues to lose ground, breaking through the 150-mark against the US dollar on Thursday, the highest level since 1990. The Japanese economy has been suffering as the yen has weakened significantly, prompting an emergency Bank of Japan meeting. The last time when the Yen breached the 160-mark was way back in 1986. In recent weeks, the Bank… Read More »The Japanese yen has reached 150 against the US dollar, its lowest level since August 1990.

The Japanese yen is hovering near a Thirty year low.

As the Bank of Japan vowed to maintain ultra-easy monetary policy despite clear indications that other major central banks will tighten further to combat surging inflation, the Japanese yen depreciated past 147 per dollar. Briefly, it breached the 147.64 level, bringing it to its lowest level since August 1990. BOJ Governor Haruhiko Kuroda emphasized the importance of assisting the economy’s… Read More »The Japanese yen is hovering near a Thirty year low.