The Japanese yen fell to its lowest level since 1990

The Japanese yen fell on the Tokyo Stock Exchange today, Monday, to 148.6 yen per dollar for the first time since 1990.

According to Bloomberg, the Japanese currency was trading at 09:50 Moscow time at 148.66 yen per dollar.

The previous record high was recorded last Friday, when the Japanese currency hit 147 yen per dollar.

The main reason for the continued rapid decline of the Japanese currency is the strong difference in the approaches of the US and Japanese central banks to monetary policy, as the US Federal Reserve (central bank) continues to raise interest rates, while the Bank of Japan Japan keeps interest rates at a negative level .

Source: Bloomberg + RIA Novosti

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