Home World News Yen Slides Past 163 Mark to Fresh Four-Decade Low Against Dollar
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Yen Slides Past 163 Mark to Fresh Four-Decade Low Against Dollar

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Yen Slides Past 163 Mark to Fresh Four-Decade Low Against Dollar The yen weakened past 163 per dollar for the first time since 1986, raising the risk of intervention by authorities to prop up the currency. Japan’s currency weakened to as low as 163.24 against the dollar.

Yen Slides Past 163 Mark to Fresh Four-Decade Low Against Dollar The yen weakened past 163 per dollar for the first time since 1986, raising the risk of intervention by authorities to prop up the currency. Japan’s currency weakened to as low as 163.24 against the dollar. The move came as the dollar rose along with US Treasury yields as renewed tensions in the US-Iran war pushed up oil.
Yen Slides (PERSON) Japan (LOCATION) US Treasury (ORG) US (LOCATION) Iran (LOCATION)
Originally published by Bloomberg Markets Read original →