The Japanese yen has fallen to its lowest level in 40 years
The Japanese yen continues to depreciate rapidly. On June 30, the dollar reached 162.41 yen—the lowest level for the Japanese currency since 1986.
Japanese Finance Minister Satsuki Katayama stated that the government is prepared to intervene to stabilize the currency market, but has not yet announced any specific measures. Analysts expect another round of currency intervention by the Bank of Japan.
The main reasons cited for the yen’s weakness are the strengthening of the U.S. dollar and the significant interest rate differential between the U.S. and Japan, which is encouraging investors to put their money into the U.S. currency.
Experts predict that the yen will end the fourth consecutive quarter lower, marking its longest losing streak in the past four years.
Source: Reuters.
Earlier, an analyst explained why Ukrainians are buying more euros.
The National Bank of Ukraine set the official exchange rate for Saturday and Sunday, June 27–28, leaving it unchanged from Friday, June 26.
A personal decision by NBU Governor Pyshnyy: Ukraine’s all-time record—fines totaling 135 million hryvnias for EasyPay and City24.
