The Japanese yen fell to 151 against the dollar during trading in London on Friday, hitting its lowest level in more than 32 years.
The yen continues to slide after US long-term interest rates rose above 4.2 percent for the first time in about 14 years.
Investors are selling the Japanese currency to buy the dollar to seek higher yields, as interest rates in Japan remain low.
The yen continues to slide after US long-term interest rates rose above 4.2 percent for the first time in about 14 years.
Investors are selling the Japanese currency to buy the dollar to seek higher yields, as interest rates in Japan remain low.
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Summary
The Japanese yen hit a 32-year low against the dollar at 151 during London trading on Friday. This slide follows US long-term interest rates surpassing 4.2% for the first time in 14 years, causing investors to sell the yen to buy dollars for higher yields due to Japan's persistently low interest
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ID: d711a16c-dede-4c74-bc6c-94257065f25f
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20221021_45/
Date: Oct. 21, 2022
Created: 2022/10/22 09:03
Updated: 2025/12/09 12:28
Last Read: 2022/10/22 09:17