The yen just took a major nosedive! 😬 Japan's currency fell on Wednesday to a jaw-dropping 155 yen per dollar—the weakest it's been since June 1990. 📉
This slide comes after some strong U.S. inflation data boosted the dollar to five-month highs. With expectations that the U.S. Federal Reserve won't be cutting interest rates anytime soon, the yen is feeling the pressure. 💸
Markets are now on high alert for any signs that Japanese authorities might step in to prop up their currency. Finance Minister Shunichi Suzuki and other top officials have been keeping a close eye on the situation, hinting they might take action if things get too wild. 👀
For anyone keeping tabs on global markets, this is a big deal! 🌏 Whether you're an investor, a student, or just curious about international trends, the yen's tumble is worth watching. Stay tuned! 📺
Reference(s):
cgtn.com
