China News Service, October 15th. According to Japan Kyodo News , on the 14th local time, the Japanese yen exchange rate in the US New York foreign exchange market plummeted, depreciating to 1 US dollar against 148.86 yen. The yen exchange rate hit a 32-year low since in August 1990. At that time, the yen showed a depreciation due to the end of the bubble economy.
Data picture: Japanese Yen.
reported that investors have once again realized that the United States, which actively tightened the monetary policy of , and the Bank of Japan, which adheres to loose policies, have different directions. The expectations for the expansion of the interest rate spread of have increased, and they have sold the yen that is not conducive to financial management and bought the US dollar.
Japanese Finance Minister Masato Kanda said in an interview with the media in Washington, USA on the 14th: "Always be prepared and will take firm actions when the current trends recur due to excessive fluctuations."
reported that this statement shows the possibility that the Japanese government and the central bank of will interfere in the exchange rate again, checking and balancing speculative trading.
US Treasury Secretary Yellen said at a press conference that "the exchange rate determined by the market is the best for the US dollar", and believes that the US dollar will rise alone will not be a problem. She also expressed her approval of the continued positive hike of the Fed to curb prices.
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-