Yen hits 40-year low vs dollar
The Japanese yen fell today, Monday, to its lowest level against the dollar since 1986, with the dollar reaching 161.96 yen before slightly retreating to 161.90 yen. This comes amid ongoing expectations of the U.S. Federal Reserve raising interest rates and its success in maintaining a hawkish stance that supports the strength of the dollar, alongside continued Japanese intervention in the currency market amounting to approximately $30 billion.
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