Japanese yen against dollar
agencies
The Japanese currency recorded its lowest level during today’s trading on the Tokyo Stock Exchange to reach its lowest level in 32 years, registering 147,665 yen against the US dollar, but improved relatively with the close of trading, reaching 147. , 33 yen.
The dollar fell today as risk appetite returned to global equity markets, and it appeared that investor attention was no longer focused on US interest rate considerations, despite high inflation data suggesting further tightening. monetary policy.
Traders are also looking forward to the possibility of Japanese authorities intervening in support of the yen, which is close to its three-decade low, and Japan stepped in last month to buy the yen for the first time since 1998, in attempt to support the weakening of the currency.
The dollar index fell 0.275%, extending the losses that began in the evening session and totaling 0.5%, as investors appeared to be ignoring data showing that US consumer prices rose more than expected in September. .
The dollar previously experienced an upward trajectory amid rising inflation, recession fears and concerns about central bank policies around the world, which impacted risk appetite.
The pound made strong overnight gains against the dollar, last time trading at $ 1.1311.
