The yen’s fall against the dollar is fueled by Japan’s preference for a weaker currency and a tacit acceptance from U.S. officials focused on inflation
Strong dollar helps lower prices for American consumers hit by inflation, so Washington isn’t pushing for Tokyo intervention
The U.S. dollar last year saw its largest increase in value since 2015. That’s good for many American consumers, but it could also put a dent in stocks and the U.S. economy. WSJ's Dion Rabouin explains. Photo illustration: Sebastian Vega/WSJTOKYO—The dollar rose to a more than six-year high against the yen Monday, fueled by Japan’s preference for a weaker currency and—in a shift—tacit acceptance from U.S. officials focused on inflation.
For the first time since August 2015, a dollar on Monday briefly bought more than 125 yen on foreign-exchange markets, compared with around 110 yen a half-year ago. The dollar was changing hands at around 123.93 yen late Monday in Tokyo.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Japan’s Matsuno: Monitoring impact of weak yen on the economy with sense of urgencyJapan’s Chief Cabinet Secretary Hirokazu Matsuno said on Monday, the government is “monitoring impact of weak yen on the Japanese economy closely with
Read more »
Forex Today: Yen Falls as BoJ Offers Unlimited Bond PurchaseJapanese Yen Falls to New 6-Year Lows; USD/JPY Breaks \u00A5123; Bitcoin Breaks Out to 7-Week High
Read more »
These Tiny ‘snow Fairy’ Birds From Japan Are Adorably PuffyCUTE: These Tiny ‘snow Fairy’ Birds From Japan Are Adorably Puffy!
Read more »
'Drive My Car' From Japan Wins Best International Film“Drive My Car,” the mournful Japanese film about a theater director coping with the death of his wife, directed by Ryusuke Hamaguchi and based on a story by Haruki Murakami, won the Oscar for best international film. The Japanese film beat out “Flee,” an animated account of a gay man’s flight from A
Read more »
Coinbase to Monitor Crypto Transfers for Users in Singapore, Japan, CanadaCoinbase revealed that certain customers in Canada, Japan, and Singapore will be required to detail additional info.
Read more »
83-year-old solo yachtsman sailing from San Francisco to Japan on fourth voyageAn 83-year-old yachtsman is getting ready to make a treacherous solo journey across the Pacific to Japan, a feat he’s done three times already and which he hopes to do again aboard his 19-foo…
Read more »