Japanese Yen

Japanese Yen

Japan's yen plunges to lowest level against the dollar since 1990

The Japanese currency sank to 160.17 per dollar, the lowest it has been since April 1990. This significant drop in value has raised concerns among investors and economists about the overall health of the Japanese economy.

Impact on global markets

The weakening yen has had ripple effects across global markets, with some analysts predicting that this trend could continue in the coming months. As Japan's economy struggles to recover from the impacts of the COVID-19 pandemic, the future of the yen remains uncertain.