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HomeUncategorizedJapanese yen falls to 32-year low

Japanese yen falls to 32-year low

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Japanese currency fell on October 20 to 150 yen per US dollar, the lowest price since August 1990 reports Nikkei. After the rise in interest rates in the US, the difference between the rates in Japan and in the North American country increased, so the tendency to sell yen with low interest rates to buy dollars with lower interest rates increases. high.

“Excessive and sudden changes due to speculation are unacceptable,” commented the situation Shunichi Suzuki, Japanese Finance Minister. “It does not change our traditional view of paying attention to volatility and taking decisive action should these movements occur,” he warned. .

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