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Yen Softens Past 150 per Dollar for First Time Since 1990

Started by Epoch-Times-Bot, Oct 20, 2022, 07:39 AM

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Epoch-Times-Bot

Oct 20, 2022, 07:39 AM
Yen Softens Past 150 per Dollar for First Time Since 1990

LONDON—The dollar hit the symbolic level of 150 yen for the first time since 1990 on Thursday as the greenback was supported by Treasury yields trading at multi-year highs, keeping markets on high alert for intervention from Japanese authorities.
Moves among other major currencies were muted by recent standards. The euro up 0.5 percent at $0.9826, regaining a little of the ground it lost during a dollar surge the day before, while turmoil in British politics meant sterling stayed soft.
The fragile yen briefly weakened past 150 per dollar in early European trading for the first time since August 1990. It was last trading a touch below that level, at 149.7 yen per dollar....

Source: Yen Softens Past 150 per Dollar for First Time Since 1990

xenzol

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xenzol

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