Japanese yen falls to 160 against the dollar, marking its lowest level since July 2024
US Dollar Surges Past 160 Yen Mark
On Friday, the US dollar climbed above 160 yen, a level not seen since July 2024—the last time Japanese authorities stepped in to support their currency. The dollar advanced 0.22% against the yen, reaching 160.15, a threshold many analysts believe could prompt government action. Meanwhile, the dollar index rose 0.17% to 100.4, putting it on track for its largest monthly increase in nearly a year. Ongoing conflict in the Middle East has led investors to favor the US dollar as a safe haven over more traditional options like gold or government bonds.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Nebius (NBIS.US) acquires Israeli startup Inferize to strengthen AI inference business, transaction amount could reach up to $150 million
AI cloud infrastructure service provider Nebius announced the acquisition of Israeli AI startup Inferize, further enhancing its AI inference infrastructure capabilities.
Polygon Puts Stablecoin Routing Behind Merchant Checkout
ImmunityBio stock surges 6.91% to close at $9.44, touches $10 intraday for first time since March
Citi Expands Stablecoin Integration Into Traditional Financial Infrastructure
Crypto prices
More
