Japan’s yen dropped to its lowest point in 34 years against the U.S. dollar on April 26, bolstered by the economic conditions as well as the monetary policies of both countries’ central banks.
In the New York foreign exchange market, the yen briefly fell to 158.44 yen per U.S. dollar, the lowest level since May 1990.
The international market has reacted strongly to the development, with former President Donald Trump expressing concern about the depreciation of the yen, believing it will harm the U.S. economy.
The depreciation of the yen against the U.S. dollar was influenced by two main factors….
Japan’s Yen Plummets to 34-year Low Against US Dollar
