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Japan's Finance Minister Suzuki is closely monitoring the yen's fall against the dollar, with the yen hitting a 34-year low. Japan is prepared to take necessary steps in the foreign exchange market if needed, as the dollar strengthens against the yen to levels not seen since 1990. The Ministry of Finance in Japan is under scrutiny amidst concerns about the impact of the yen's depreciation on the global economy.
Yen Drops to 155 against USD. Currency Collapse at Work, -32% against USD since 2021, -50% since 2012. Turns out, collapse of the currency is the price Japan is now paying for years of crazed monetary policies https://t.co/cW0alCLpmg https://t.co/ReaBMQNIXG
BREAKING: Dollar relative to Japanese Yen has just hit the highest level since 1990 https://t.co/AOUPykqowH
❖ USD/JPY RISES 0.3% TO HIGHEST SINCE 1990; CLIMBS ABOVE 154.75