Reported about 1 year ago
As a result of the interest rate difference between Japan and the U.S., the Japanese yen continues to depreciate, with the USD/JPY exchange rate nearing the 162 mark after 37 years. The exchange rate at Taiwan Bank hit a new low of "0.2049" for the yen, allowing those who exchange 100,000 TWD to earn over 53,000 yen compared to the rate in July 2023. The weakening yen has led to concerns about negative impacts on corporate earnings and rising prices, leading to 31 Japanese enterprises closing due to the depreciation. Investors are closely monitoring the USD/JPY exchange rate, with expectations of it reaching 162. Market participants are also waiting for employment statistics to be released this week in the U.S.
Source: YAHOO