Yen Sinks to Lowest Level Since 1986

AI Summary

The Japanese yen has dropped to its lowest value against the US dollar since 1986 despite recent interest rate hikes and significant defense measures by Japan. The persistent depreciation underscores ongoing currency market pressures.

The yen just hit its weakest level against the dollar in four decades. Japan has raised interest rates and spent billions defending its currency. Yet the yen keeps sliding. Mia Glass explains why. (Source: Bloomberg)