Reported 4 months ago
The Japanese yen experienced a significant drop of 1% against the US dollar, marking its largest intraday decline in over a month. The yen's weakening trend was influenced by positive US economic data that boosted the dollar. Despite efforts by Japanese authorities to support the yen, the rate gap between the US and Japan continues to impact the currency exchange, leading to a nearly 10% depreciation of the yen against the dollar this year.
Source: YAHOO