4,973.87 TL BIST 100 BIST 100
18.64 $ USD USD
€19.57 EUR EUR
€1.05 EUR/USD EUR/USD
10.83 TL Interest Interest
79.57 $ Fossil Oil Fossil Oil
3.80 $ Copper Copper
22.34 $ Silver Silver
108.64 $ Iron Ore Iron Ore
373.00 $ Ship Dismantling Ship Dismantling
1,061.54 TL Gold (gr) Gold (gr)

Japanese Yen at 1998 levels against US Dollar!

The Japanese government announced that it is watching market movements with "high caution" against the Japanese Yen, which continues to depreciate against the US Dollar. According to the latest report...

Japanese Yen at 1998 levels against US Dollar!

The Japanese Yen has lost its biggest value in 24 years against the US dollar. The last time it saw the 139 Japanese Yen band in September 1998, 1 dollar crossed the 140 Japanese Yen level this morning.

"I have the impression that the recent fluctuations have increased somewhat," Japanese Finance Minister Suzuki Shunichi said at a press conference, regarding the depreciating Japanese Yen.

Suzuki, who warned that "extreme volatility and erratic movements in exchange rates may have a negative impact on economic and financial stability," emphasized a possible move.

Noting that the government is monitoring money market movements with "high caution", Suzuki said that they will take the appropriate action when necessary, in communication with the financial authorities of other countries.

"We don't want sudden fluctuations"

Chief Cabinet Secretary Matsuno Hirokazu stated that the market trends are carefully monitored and said, "The stable stance of the exchange rates in direct proportion to the economic principles is important."

Noting that sudden fluctuations are undesirable, Matsuno said, "Variability is increasing and the government is following market developments closely and with high urgency." used the phrases.

The weak Japanese yen has been described as a "double-edged sword". Because it helps Japanese exporters to increase their overseas profits, while increasing their energy and raw material import costs.

Comments

No comment yet.

Only +plus subscribers can access this content.

SUBSCRIBE now to share your thoughts on the markets and get more comments.
SUBSCRIBE If you already have an account Sign In

Most read news

UK goes to energy saving

Wednesday, November 30, 2022

World Trade Organization: Global trade in goods likely to slow

Tuesday, November 29, 2022

Fed signals interest rate hike will slow soon

Thursday, November 24, 2022

The proposal from the EU Commission to impose a ceiling price on natural gas

Wednesday, November 23, 2022

New tax statement from the UK!

Friday, November 18, 2022
Follow List
Expand
Your watch list is empty

Add your favorite commodities for quick access and don't miss the latest price change news.


There are no news categories you follow
Edit Notification Preferences

Global Iron and Steel Exchanges

Iron and Steel Indices, Price and News

E-bulletin subscription
Sign up to receive the latest news and daily iron prices by e-mail and sms
Feedback
Become a Plus Subscriber Now!
Try it free for 3 days!
Subscribe Now
Neutral Prices
Be informed
Provincial Iron Prices
Comments and Analysis
Subscribe Now