In the New York overseas trade market on the twenty fourth, the yen depreciated, and the yen trade charge quickly fell to the 139 yen stage to the dollar.
It is the primary time in about half a yr for the reason that finish of November final yr that 1 dollar = 139 yen stage.
Against the backdrop of the US debt ceiling downside, US authorities bonds are offered and rates of interest are likely to rise. The motion to purchase the dollar and promote the yen strengthened from the view that the financial tightening will probably be extended.
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