Yen falls to historic lows on the US Dollar, Tokyo, Japan - 05 May 2024
Foreign currency exchanges in in Kabukicho showing the Japanese Yen (JPY) sinking to historic lows against the US dollar (USD) and Euro (EUR), with selling rates of $1 for 157.40 Yen and 1 Euro for 168.40 Yen...The Bank of Japan (BOJ) is expected to intervene as the Japanese Yen has fallen the fastest against the dollar among all G20 nations as the Japanese Economy struggles to deal with rising import costs, high interest rates and a declining population. East Asia business. Foreign currency exchanges in in Kabukicho showing the Japanese Yen (JPY) sinking to historic lows against the US dollar (USD) and Euro (EUR), with selling rates of $1 for 160 Yen and 1 Euro for 168.40 Yen...The Bank of Japan (BOJ) is expected to intervene as the Japanese Yen has fallen the fastest against the dollar among all G20 nations as the Japanese Economy struggles to deal with rising import costs, high interest rates and a declining population. East Asia business.