Business & Finance
Yen Hits Four-Decade Low in Historic Slide That’s Rattled Japan
Key Points
Yen Hits Four-Decade Low in Historic Slide That’s Rattled Japan The yen slid to its weakest level against the dollar since 1986, a milestone that will generate unease in Japan and put traders on high alert for authorities wading into the market. The currency depreciated as much as 0.1% to 161.96 versus the greenback, breaching the 161.95 mark touched in July 2024 during an earlier campaign by Japan to shore up the exchange rate.
Yen Hits Four-Decade Low in Historic Slide That’s Rattled Japan
The yen slid to its weakest level against the dollar since 1986, a milestone that will generate unease in Japan and put traders on high alert for authorities wading into the market.
The currency depreciated as much as 0.1% to 161.96 versus the greenback, breaching the 161.95 mark touched in July 2024 during an earlier campaign by Japan to shore up the exchange rate.