The dollar is jumping… and the Japanese yen is falling to its lowest level in 24 years

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The yen was among several currencies that fell today, falling to its lowest level against the dollar since 1998, as the gap between Japanese and US bond yields widened after the release of US inflation data on Friday.

Index rose dollar, which measures the value of the currency against 6 major currencies, 0.5% on the day to 104.75, close to its highest level in 30 years of 105.01 recorded in May. It was last up 0.2 percent at 104.63.

This week, markets will focus on central banks’ measures to contain inflation.

It is expected to raise the US Federal Reserve and Bank England Central Bank Interest Rates There is a possibility that the Swiss Central Bank will raise interest rates as well.

وقوم Bank of Japan Yet pressure to tighten monetary policy has weakened the currency. The policy divergence has caused the yen to fall more than 15 percent against the dollar since early March.

The yen fell 0.6 percent on the day to 135.22 yen to the dollar, its lowest level since 1998. It was last trading at 134.37 yen to the dollar.

The Euro, Sterling and Swiss Franc all fell to four-week lows against the Dollar today.

The euro fell 0.5 percent to 1.04560 dollars.

And sterling fell 0.8 percent to $ 1.22165 after data showed the British economy contracted unexpectedly in April.

The Swiss franc fell 0.5 percent to 0.99230 francs to the dollar.

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The yen was among several currencies that fell today, falling to its lowest level against the dollar since 1998, as the gap between Japanese and US bond yields widened after the release of US inflation data on Friday.

Index rose dollar, which measures the value of the currency against 6 major currencies, 0.5% on the day to 104.75, close to its highest level in 30 years of 105.01 recorded in May. It was last up 0.2 percent at 104.63.

This week, markets will focus on central banks’ measures to contain inflation.

It is expected to raise the US Federal Reserve and Bank England Central Bank Interest Rates There is a possibility that the Swiss Central Bank will raise interest rates as well.

وقوم Bank of Japan Yet pressure to tighten monetary policy has weakened the currency. The policy divergence has caused the yen to fall more than 15 percent against the dollar since early March.

The yen fell 0.6 percent on the day to 135.22 yen to the dollar, its lowest level since 1998. It was last trading at 134.37 yen to the dollar.

The Euro, Sterling and Swiss Franc all fell to four-week lows against the Dollar today.

The euro fell 0.5 percent to 1.04560 dollars.

And sterling fell 0.8 percent to $ 1.22165 after data showed the British economy contracted unexpectedly in April.

The Swiss franc fell 0.5 percent to 0.99230 francs to the dollar.

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