Yen Slides Against Dollar as Nikkei 225 Nears Record High
Yen slides vs dollar as Nikkei 225 nears record high. Markets shrug off geopolitics and look to US jobs data this week to set the next move.
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Yen slides vs dollar as Nikkei 225 nears record high. Markets shrug off geopolitics and look to US jobs data this week to set the next move.
Fears of a ‘Sell Japan’ wave send stocks, bonds and the yen tumbling under PM Takaichi, wiping $127B off Tokyo stocks and pushing bond yields to 17-year highs.
Japan’s Nikkei 225 Index plunged over 8% on Monday, triggering a trading halt. The index dropped below 33,000 points for the first time since January, marking its worst loss since 1987.