Yen slides under 160 to lowest level since 1986; Japan stocks fall - Nikkei Asia

Quick Summary:

The yen dropped to 171.79 against the euro, also the weakest level since the unified European currency was adopted in 1999.

"We will firmly respond to moves that are too rapid or driven by speculators," Japan's top currency diplomat, Masato Kanda, said on June 24.

The dollar traded at 160.86 yen at one point Thursday morning, the Japanese currency's weakest since December 1986.

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Article Details

Author / Journalist: Staff Writer

Category: InvestingFinanceBusiness

Markets: Japan

Topics: Weakest Asian Rapid Dollar Respond Nikkei Japan Currency Driven Content Moves

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-27 @ 02:55:00 (5 days ago)

News Timezone: GMT +9:00

News Source URL: asia.nikkei.com

Language: English

Article Length: 131 words

Reading Time: 1 minutes read

Sentences: 6 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Nikkei Asia

News ID: 21406518

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