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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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23 Articles
23 Articles
The Japanese currency strengthened to 155.05 yen for a dollar, after falling to 160.17 yen for a green bill in morning trading in Asia The yen recovered strongly
·France
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Yen sinks to 34-year low past 160 per dollar
The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year. The greenback bought 160.17 yen in morning trade -- its weakest since 1990 -- fanning speculation that Japanese authorities would step…
·Sakado, Japan
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Coverage Details
Total News Sources23
Leaning Left5Leaning Right5Center9Last UpdatedBias Distribution48% Center
Bias Distribution
- 48% of the sources are Center
48% Center
L 26%
C 48%
R 26%
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