FOREX-Japan's yen hits 34-year low, sparking intervention warnings

The Swiss currency is still reeling from a surprise rate cut in Switzerland last week, and is down around 7% this year. In cryptocurrencies, bitcoin fell 1.78% to $68,567.00.

By: Devdiscourse

Mar 28 2024
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FOREX-Japan's yen hits 34-year

The yen dropped to its lowest level since 1990 on Wednesday before rebounding slightly after Japan's top monetary officials met to discuss the rapidly weakening currency and suggested they were ready to intervene. The dollar reached 151.975 yen, its ... [3457 chars]