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World News April 25, 2024

Japan’s yen hits 155/dollar, weakest since 1990

The yen hit its lowest level against the dollar since June 1990, raising concerns about possible intervention by Japanese authorities to support the currency. This decline follows strong U.S. inflation data, pushing the dollar to its highest in five months and suggesting the Federal Reserve may not hurry to lower interest rates this year. Japanese officials, including Finance Minister Shunichi Suzuki, have indicated readiness to act in response to currency fluctuations.

Source – CGTN

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