Yen briefly drops past 160 level vs USD in volatile trading

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TOKYO: The Japanese yen briefly dropped to a new 34-year low in the 160 level against the US dollar on foreign exchange markets on Monday morning, rep...

A man looks in the window of a money changer showing the rate of various currencies against the Japanese yen, along a street in central Tokyo on April 29, 2024/AFPPix

It marked the first time since April 1990 that the US dollar has topped the 160 yen line. Monday is a national holiday in Japan, but trading remained very volatile as the Japanese currency began reversing its trajectory in the afternoon, strengthening to the 155 level.

 

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