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The yen hit its lowest level since 1986. There are many reasons why, but one factor is because the US dollar is staying strong as markets expect US interest rates to remain high for longer, partly due to the Iran conflict. Japan has raised rates, but they're still a lot lower than in the US. #japan #news #money
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Japan's currency has dropped to its weakest level against the U.S. dollar in nearly four decades, piling fresh pressure on the country's economy. The yen slid to a 40-year low as rising U.S. Treasury yields boosted the dollar, with traders now watching closely for possible intervention from Japanese authorities to stabilize the currency. A weaker yen makes imported goods, fuel, and food more expensive in Japan, increasing the cost of living for households and businesses alike. #japan #news #worl
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