Japanese Yen Hits 38-Year Low Against US Dollar: What’s Driving The Trend?
July 02, 2024 at 11:23 AM EDT
The USD/JPY pair closed at 161.48 in New York trading, up 0.4% for the day. At one point, it surged to 161.72, marking its strongest level since 1986. Year-to-date, the yen has depreciated by over 12% against the dollar.
