Published 17 days ago

Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990

The Japanese yen reached its lowest point since April 1990, impacted by a holiday in Japan and traders testing key levels and stop-loss orders in a nervous market.
Traders saw their stop-loss orders triggered at the 160 level, causing further decline in the yen as they squared positions.
Markets are wary of Japanese authorities intervening to address the yen's 11% drop this year.

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CNBC

Japanese yen weakens to 160 against the U.S. dollar for the first time since 1990

17 days ago·United States

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Channel News Asia

Yen trips past 160-per-dollar to April 1990 lows

SINGAPORE : The Japanese yen hit its weakest levels since April 1990 on Monday, in trading thinned by a holiday in Japan and attempts by traders to test key levels and stop-loss orders in a nervous, illiquid market.The dollar rose as far as 160.245 yen in a sudden move after the yen traded in a narrow 158

17 days ago·Singapore

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Globo

The dollar in Japan has surpassed 160 yen, the highest level in 34 years.

Japan's authorities say they're willing to intervene in currency markets in the event of sudden fluctuations Japan's dollar appreciation on Monday surpassed 160 yen for the first time since 1990, after inflation in the United States surpassed expectations and weakened expectations for a reduction in the yen this year. The dollar was traded at 160.17 yen on Monday morning, fueling speculation that the Japanese authorities would intervene to stren…

17 days ago·Brazil

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