California
clear sky
21 ° C
26 °
16.5 °
66 %
6.2kmh
0 %
Thu
21 °
Fri
17 °
Sat
20 °
Sun
16 °
Mon
17 °
California
clear sky
21 ° C
26 °
16.5 °
66 %
6.2kmh
0 %
Thu
21 °
Fri
17 °
Sat
20 °
Sun
16 °
Mon
17 °
Thursday, April 18, 2024

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Yen weakens to ¥141 zone against U.S. dollar in new 24-year low


Finance Minister Shunichi Suzuki on Tuesday reiterated that sharp yen moves were “undesirable” and that he was watching rising volatility in the exchange market with a “great sense of urgency” as the currency hit a fresh 24-year low past ¥141 to the dollar.

It was Suzuki’s latest verbal warning on the currency but it was not considered as strong as comments made in July, when a fall beyond 139 to the dollar prompted him to say he was “concerned.” Suzuki’s comments on Tuesday were made before the yen hit the new low.

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