Japan’s yen is weakening again
The Japanese yen traded just north of 140 against the U.S. dollar on Monday, after the currency breached that level at the end of last month for the first time since November.
Last year, Japan’s Finance Ministry intervened to prop up the yen on three separate days: Sept. 22, Oct. 21 and Oct. 24 — as the currency notched 150 against the greenback, weakening to levels not seen since 1990.
Last year, Japan’s Finance Ministry intervened to prop up the yen on three separate days: Sept. 22, Oct. 21 and Oct. 24 — as the currency notched 150 against the greenback, weakening to levels not seen since 1990.
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