The Japanese yen exchange rate declines again, falling to 160 yen per 1 US dollar

Golden Financial reports that on June 3rd, in the Tokyo foreign exchange market, the yen exchange rate once again fell to 160 yen per US dollar. On April 30th, the yen exchange rate briefly touched a low of 160.7 yen per US dollar. To curb the continuous depreciation of the yen, the Japanese government and the central bank implemented intervention measures in the foreign exchange market on the same day, buying yen and selling US dollars. During the Golden Week holiday in May, the Japanese government also carried out related interventions. The yen exchange rate quickly rose to the 155 yen per US dollar range following the intervention measures, but recently the yen has weakened again. (Jin10)
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