Yen breaks ¥160 to the dollar as Brent crude trades at $120 a barrel
The Japanese yen fell below ¥160 to the dollar as global markets reacted to rising oil prices, with Brent crude reaching $120 per barrel. This depreciation contributed to declines in Japanese government bonds and Tokyo stocks. The currency and market movements reflect investor concerns over inflation and economic stability.
- ▪The Japanese yen dropped below ¥160 per US dollar.
- ▪Brent crude oil prices reached $120 per barrel.
- ▪Japanese government bonds and Tokyo stocks both declined amid the currency and oil price movements.
- ▪The market shifts are driven by concerns over inflation and economic impacts of high energy costs.
Opening excerpt (first ~120 words) tap to expand
var article_info = {"cms_article_id":640764,"is_old_article":0} ; .jt-top-article-details .article-print-logo{display: none;} .jt-top-article-details .article-section{text-transform: uppercase;margin: 10px 0 5px;font-family: 'Pluto Sans Bold', 'Helvetica Neue', Helvetica, Arial, sans-serif;font-size: 11px; line-height: 14px;color:#c8102e;} .jt-top-article-details .article-section h2{margin: 0px;} .jt-top-article-details .article-section a{color:#C8102E;} .jt-top-article-details .separator{color:#333;font-family: 'Neue Bold';font-size: 11px;line-height: 14px;} .jt-top-article-details .premium-label{background-color:#898989;color:#FFF;font-size: 9px;line-height:24px;padding: 1px 9px;margin-left:5px;font-weight:200;font-family:'Pluto Sans Regular', 'Helvetica Neue', Helvetica, Arial,…
Excerpt limited to ~120 words for fair-use compliance. The full article is at Japan Times.
Discussion
0 commentsMore from Japan Times
