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العربي الجديد
Yen leads the decline among Asian currencies
The Asian currency markets experienced sharp fluctuations, with the Japanese yen declining by 0.6% to reach 162.31 yen against the dollar, marking its lowest level since 1986. Expectations suggest continued pressure on the yen due to low liquidity and rising prospects of intervention by the Japanese central bank. Additionally, the South Korean won fell against the dollar to 1,530.3 won, surpassing the 1,500 mark for the first time since the global financial crisis. These movements come amid ongoing declines in major regional currencies, with current expectations indicating no immediate direct intervention from Japan, while financial institutions foresee sustained pressures on the yen.
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