Japanese yen weakens to new 38-yr lows, crosses 161 towards the U.S. dollar

New Japanese 1000 Yen banknote on exhibit inside of the Forex Museum of the Financial institution of Japan’s Institute for Monetary and Economic Studies. The new banknotes will start off circulate from July 3, 2024.

Sopa Images | Lightrocket | Getty Illustrations or photos

The Japanese yen weakened to clean 38-calendar year lows on Friday, crossing the 161 mark for the initial time because 1986 and achieving a significant of 161.27, in accordance to LSEG info.

The very last time the forex was at this degree was in December 1986.

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