The yen is at its lowest level in 24 years

The Japanese yen, sensitive to interest rate movements, continued to decline, today, Tuesday, exceeding the barrier of 142 against the dollar, while the pound sterling and the euro tried to recover from multi-year lows against the dollar the previous day, but the euro did not succeed in that. The dollar rose 1.07 percent against the yen. to 142.1, a new high in 24 years. The dollar has risen 23 percent against the Japanese currency so far this year. US 10-year Treasury yields rose 3.2557 percent, from Friday’s close of 3.191 percent. US markets were closed on Monday for the Labor Day holiday. And both the pound sterling and the euro rose by more than 0.6 percent against the dollar in morning trading in Europe. Although the British pound managed to cling to this trend somewhat, rising 0.35 percent at $1.1564, the euro fell to remain unchanged on the day at $0.99205, slightly above its 20-year low hit the day before. And Archyde.com reported, on Monday, that the new British Prime Minister Liz Truss is considering freezing household energy bills in an attempt to avoid the winter cost of living crisis for millions of families. It is scheduled to meet European Union ministers on the ninth of September to discuss urgent measures at the level of the bloc to discuss how to confront the rise in gas and energy prices, which harms the industry in Europe and burdens families with expensive bills, after Russia stopped gas shipments to the countries of the Union.