Yen weakens to ¥141 against US dollar in new 24-year low

Finance Minister Shunichi Suzuki reiterated on Tuesday that sharp movements in the yen were “undesirable” and that he was watching the growing volatility in the foreign exchange market with a “great sense of urgency” as the currency hit a new high. 24-year low passed ¥141 to the dollar. .

It was Suzuki’s last verbal warning on the currency, but it wasn’t considered as strong as comments made in July, when a drop past 139 to the dollar prompted him to tell himself “concerned”. Suzuki’s comments on Tuesday came before the yen hit the new low.

In an age of both misinformation and too much information, quality journalism is more crucial than ever.
By subscribing, you can help us tell the story well.



Be the first to comment

Leave a Reply

Your email address will not be published.