The US dollar fell to the 129 yen-level at one time on Tuesday, the lowest it has been since June of last year.
Market sources believe currency dealers apparently sold dollars and bought yen amid speculation that the Bank of Japan would continue its plan to virtually tighten its monetary policy.
Market sources believe currency dealers apparently sold dollars and bought yen amid speculation that the Bank of Japan would continue its plan to virtually tighten its monetary policy.
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Summary
US dollar reaches a one-year low against the yen at 129 yen on Tuesday. This drop is attributed to currency dealers selling dollars and buying yen, possibly due to speculation about Bank of Japan's plan to tighten monetary policy.
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ID: a8f099a3-11c5-4721-9f79-19431c88d128
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20230103_12/
Date: Jan. 3, 2023
Created: 2023/01/03 13:41
Updated: 2025/12/09 09:39
Last Read: 2023/01/03 13:50