In the New York overseas trade market on the twenty eighth, the yen depreciated in opposition to the euro in response to the Bank of Japan’s determination to take care of the present large-scale financial easing measures, and the yen trade fee quickly fell to the 150 yen degree to 1 euro. backside. It is the primary time in about 14 and a half years since October 2008 that 1 euro = 150 yen degree. While the Bank of Japan has indicated its intention to proceed financial easing measures, the European Central Bank is anticipated to proceed elevating rates of interest at its financial coverage assembly subsequent week. The motion to promote and purchase the euro has strengthened.
Source
1 euro on the 150 yen degree for the primary time in about 14 and a half years with the Bank of Japan’s large-scale easing measures maintained | NHK
