The depreciation of the yen accelerated within the New York international trade market on the twenty seventh, and the yen trade charge quickly fell to the 144 yen degree to the dollar. It’s been about seven months for the reason that starting of November final 12 months that the dollar hits the ¥144 degree. The US shopper confidence index introduced on this present day exceeded market expectations, and the US economic system was robust, and the FRB = Federal Reserve Board will increase rates of interest additional. The motion to purchase the anticipated dollar and promote the yen has strengthened.
Source
Yen trade charge drops to 1 dollar = 144 yen degree for the primary time in about 7 months | NHK
