The yen fell to a 30-year low
The Japanese yen fell to its lowest level since 1990. At the auction on Friday, October 14, the dollar against the Japanese currency on the international Forex market rose to a maximum of 0.35% – up to 147.73 yen per dollar.
Since the beginning of this year, the Japanese currency has depreciated by about 30%, writes RBC. The driver of this trend was the discrepancy between the super-soft monetary policy of the Bank of Japan and the expectations of tightening the policy of other central banks of the world, including the US Federal Reserve.
The yen resumed its fall and fell to its lowest level in more than 30 years on the back of the release of data on US consumer prices (CPI). US consumer prices rose 8.2% in September, the US Department of Labor said on Thursday. Core inflation, which excludes food and energy prices, stood at 6.6% yoy in September, hitting new highs since 1982.