Dollar Reaches 140 Yen for 1st Time in 24 Years
![](https://japannews.yomiuri.co.jp/wp-content/uploads/2022/09/9925308.jpg)
On Thursday evening, a display in Tokyo reported that the yen had temporarily dropped to 140 yen.
10:26 JST, September 2, 2022
New York, Sept. 1 (Jiji Press)—The dollar reached ¥140 for the first time in 24 years in New York trading Thursday morning.
The dollar slightly trimmed the gains to stand at ¥139.80-90 at 10:30 a.m., still up from ¥138.91-139.01 at 5 p.m. Wednesday.
Brisk U.S. jobless claim data released Thursday reinforced speculation that the Federal Reserve will continue tightening monetary policy for a longer period, market sources said.
The speculation prompted dollar purchases to sell yen, the sources also said.
Also behind the yen sales was a prevailing view that the Bank of Japan is unlikely to end its superloose monetary policy anytime soon, the sources added.
"Business" POPULAR ARTICLE
-
Japanese Companies Increasing Efforts to Hire Foreign Students; Firms, Local Governments Help Them Acquire Skills to Find Jobs in Japan
-
Japan’s Casio to Launch Durable Clothing Range Inspired by G-Shock Brand; Company to Debut Durable T-Shirt in Late August
-
Insufficient Rice Supply Hits Japan; Sever Heat, Rising Demand from Inbound Tourist Among Factors
-
Japanese Firm Hitachi to Release Vacuum Using AR That Turns Cleaning Into a Game; Stressful Cleaning May Become More Enjoyable
-
Sony to Open New Brand Complex Building in Tokyo’s Ginza Next Year; ‘Ginza Sony Park’ to Serve as Brand Hub for Entertainment Businesses
JN ACCESS RANKING