China Xiaokang Network, July 11th Lao Ma In the Tokyo foreign exchange market on the 11th of this week, the yen was sold due to the different monetary policy directions of Japan and the United States, and the yen exchange rate temporarily fell to a low of 137 yen per US dollar. This is the first depreciation of the yen in about 24 years since September 1998.
The yen exchange rate has fallen sharply recently
The Japan Broadcasting Association NHK reported that in the Tokyo foreign exchange market, Bank of Japan Governor Kuroda Haruhiko said at the branch manager meeting held on the 11th, "If necessary, we will not hesitate to take action Increased monetary easing measures. "The trend of selling Japanese yen and buying US dollars is intensifying.
The yen temporarily fell to a low of 137 yen per dollar, its lowest level in about 24 years since September 1998.
Market participants said, "Some people believe that the Liberal Democratic Party won a landslide victory in the upper house election yesterday and large-scale monetary easing will continue. Therefore, there are differences with the United States on the policy direction, that is, accelerating monetary tightening. Japan Yuan depreciates, dollar strengthens.”
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