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DeepNewz, mobile.
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The Japanese yen experienced significant fluctuations against the US dollar, initially surging to 151 yen per dollar following weak US labor data and extending its gain by 1%. However, concerns about the yen's underlying weakness persist, despite this temporary gain. The yen had previously reached a historic low, plunging to an exchange rate of 1 USD to 160 yen, marking the lowest level since the aftermath of the Japanese asset bubble.
Yen briefly rises to 151 in N.Y. after weak US labor data https://t.co/ocd9AlRq3b
This week’s #chartoftheweek will examine the Japanese yen. The yen's dramatic decline against the US dollar has reached a historic milestone, with the Japanese currency plunging to an exchange rate of 1 USD to 160 yen – the lowest level since the aftermath of the Japanese asset… https://t.co/4LJKGBiCgV
Yen surges against dollar, but weakness concerns remain https://t.co/0Rr9apr669
