The Japanese yen fell to a record low against the Singapore dollar on Thursday (April 25) at a rate of 114.53 yen per Singdollar. It then fell further to 115.25 yen per Singdollar at 8am on Friday, according to Google Finance. Despite this, some money changers AsiaOne spoke to said they have seen little change in the demand for Japanese...
Money changers AsiaOne spoken to said they have not seen an increase in customers purchasing yen or the amount of cash that they exchange.The Japanese yen fell to a record low against the Singapore dollar on Thursday at a rate of 114.53 yen per Singdollar.Despite this, some money changers AsiaOne spoke to said they have seen little change in the demand for Japanese yen from customers.
"The rate was already favourable before, so I think most people have already exchanged earlier," he added. The yen dropped to a fresh 34-year low on Friday after the Bank of Japan kept interest rates on hold, reported The Financial Times.
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