Japan's yen falls to lowest level against US dollar since 1990
Автор: The Trading Kids 2021
Загружено: 2024-04-29
Просмотров: 47
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Japan's yen falls to lowest level against US dollar since 1990.
Some of the world’s wildest action in financial market trading last Monday, April 29, is roiling around the Japanese yen.
Last Monday, April 29, 2024. Japanese yen weaken to 160.20 against United States Dollar, the lowest since April 1990. The yen has been so weak that it's back to where it was in 1990, shortly after Japan's famous “bubble economy” burst.
The USD/JPY pair is down over 2% on the day and is lower by more than 500 pips from the high just above 160 level.
kept interest rates remarkably low to encourage more inflation in its economy. Only last month did it end its policy to keep its benchmark interest rate below zero.
#forex #forexmarket #forextrading #optionstrading #futurestrading
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