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The battle for the yen

The battle for the yen


The foreign exchange market for the Japanese yen is functioning well, the International Monetary Fund said last weekend. No, it’s not, Japan’s Finance Ministry replied Thursday in what has become an instructive tussle over exchange rates and monetary policy.

One of the major economic events of the last two years is the chronic weakness of the yen against the dollar. Traders appear to be bracing for a drop to ¥151 per dollar, a 33-year low, now that the market has become more comfortable with ¥150 – which was also a 33-year low when the currency reached this level a year ago. .

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Eleon

With a penchant for words, Eleon Smith began writing at an early age. As editor-in-chief of his high school newspaper, he honed his skills telling impactful stories. Smith went on to study journalism at Columbia University, where he graduated top of his class. After interning at the New York Times, Smith landed a role as a news writer. Over the past decade, he has covered major events like presidential elections and natural disasters. His ability to craft compelling narratives that capture the human experience has earned him acclaim. Though writing is his passion, Eleon also enjoys hiking, cooking and reading historical fiction in his free time. With an eye for detail and knack for storytelling, he continues making his mark at the forefront of journalism.
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