Japanese yen strengthens sharply after hitting 160 against dollar for the first time since 1990 [MSNBC.com]
T. Rowe Price Group, Inc. (TROW)
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Source: MSNBC.com
In this articleThe Japanese yen has weakened significantly against the dollar in 2022.Stanislav Kogiku | SOPA Images | LightRocket | Getty ImagesThe yen briefly touched 160.03 against the dollar, the weakest level since April 1990 when it touched 160.15, according to FactSet data. The currency strengthened by midday to trade around 156.5 against the dollar.The Commonwealth Bank of Australia said Japan's Ministry of is expected to publish Tuesday its market intervention statistics for March 28 to April 26. It said, however, "We have not seen any media reports that confirm intervention.""Today's JPY volatility may reflect the skittishness of markets amid thin liquidity. We will unlikely receive comments from Japanese officials today because Japan is on holiday," the bank said.Japanese authorities have repeatedlywarned against "excessive" movespast that mark last weekStock Chart IconStock chart iconThree-month performance of the Japanese yen against the U.S. dollarThe currency has langu
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