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NEWS - ECONOMICS / MARKETS

Yen hits 15-year high against dollar

24 Aug 2010 | 11:00
Rahul Odedra

Categories: Economics / Markets

Topics: Japan | Currency | Nikkei | Dollar

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The yen has hit a 15-year high against the US dollar against a backdrop of inaction by the Japanese Government.

At one point the dollar slid to 84.17 yen, the lowest it has been since 1995, although it has since climbed to 84.44.

The drop came after it was revealed the governor of the Bank of Japan and the Japanese Prime Minister had agreed not to take any measures to tackle the strength of the yen.

Fears about the impact this may have on exports contributed to a 1.33% fall in the Nikkei to 8,995.14.

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Categories

  • Economics / Markets

Topics

  • Japan

  • currency

  • Nikkei

  • dollar

Categories: Economics / Markets

Topics: Japan | Currency | Nikkei | Dollar

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