QUICK SPARK: The Japanese Yen Hasn't Been This Weak In 40 Years
The Japanese yen slid to 162.77 per dollar, its weakest level since late 1986, as the wide Fed-BoJ interest rate gap keeps fueling the carry trade.
Japan's money (the yen) is worth less compared to U.S. dollars than it has been in 40 years, because U.S. interest rates are much higher. When a country's money gets weaker, it can affect companies that do business there and how investors move their money around the world.
Last session drawn · prints held ~15 minutes · licensed exchange data
Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
Disclosure: Educational and informational purposes only — not financial advice. We educate, not advise. Market data may be delayed up to 15 minutes unless marked real-time. Past performance is not indicative of future results.