The Japanese yen dropped to the 152 range against the US dollar at one point on Wednesday for the first time since July 1990, following release of the latest US inflation data.
The view that the US Federal Reserve will delay interest rate cuts has spread as the consumer price index in March rose higher than market expectations.
That prompted investors to sell the yen and buy the greenback on the interest rate gap between Japan and the US.
The view that the US Federal Reserve will delay interest rate cuts has spread as the consumer price index in March rose higher than market expectations.
That prompted investors to sell the yen and buy the greenback on the interest rate gap between Japan and the US.
Similar Readings (5 items)
Yen slides to 151 to reach 32-year low
Yen slumps to 150 to the dollar
Japanese yen weakens to 140 against dollar
Yen briefly sinks to 150 against dollar
Yen accelerates slide against dollar, to 149 range
Summary
Japanese yen hits 152 range against USD on Wednesday since July 1990, following the release of unexpectedly high US inflation data. Investors sold yen and bought dollars due to an interest rate gap between Japan and the US, as the US Federal Reserve view shifts towards delaying interest rate cuts.
Statistics
79
Words1
Read CountDetails
ID: 8b58d8c1-4307-402b-af8d-757f9fa0a7f0
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20240411_02/
Date: April 11, 2024
Created: 2024/04/11 06:30
Updated: 2025/12/08 15:20
Last Read: 2024/04/12 15:18