On October 13, the yen depreciated to the range of 1 US dollar to 147.5 to 147.9 yen, setting a lowest level of depreciation of the yen since August 1990 and about 32 years. This is also the lowest value of the yen to the US dollar since the collapse of the Japanese bubble econom

htmlOn October 13, the yen depreciated to the range of 1 US dollar against 147.5~147.9 yen, setting a lowest level of depreciation of the yen since in August 1990 and about 32 years. This is also the lowest value of the yen against the US dollar since Japan's bubble economy collapsed. The September consumer price index (CPI) released by the United States was better than expected. The market view believes that Fed (FRB) will continue to tighten monetary policy , which caused the US dollar to rebound in an all-round way. The depreciation of the yen to its lowest level since the bubble economy period symbolizes structural weakness in the Japanese economy.

The U.S. Department of Labor announced on the 13th that the United States September CPI increased by 8.2% compared with the same period last year, exceeding market expectations. The CPI growth rate, which reflects the basic tone of prices, excluding energy and food, was 6.6%, the highest level in about 40 years. Rent and other services prices rose along with wage growth, showing the deep-rooted inflation .

The market speculation that the Federal Reserve will tighten its monetary policy has caused the 10-year government bond yield in the U.S. bond market to rebound to the 4% range (bond prices fall), causing the US dollar to buy multiple currencies. As soon as the US CPI was announced in September, the pound with chaotic economic policies and the euro and currencies of other European and resource-rich countries were sold out. The selling pressure on emerging market currencies such as the Indian rupee and the Korean won is also obvious.

yen against the US dollar fell below the low of 147.64 yen in August 1998, reaching the lowest level since August 1990. The expansion phase under Japan's bubble economy peaked in February 1991. Judging from the economic cycle , the level since 1990 can be considered the lowest level after the bubble burst.

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