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Yen exchange rate hits new low, market yen selling operations increase

金色财经_
Golden Finance reported that on July 1, according to CCTV Finance, this morning in the Tokyo foreign exchange market, the yen against the U.S. dollar fell further, at one point dropping to 162.70 yen per 1 dollar, again setting a new low since December 1986. Japanese Finance Minister Koyama Akiyuki recently said that in response to the issue of yen depreciation, the government will, whenever necessary, take appropriate measures as needed. Some analysts noted that, as U.S. economic data has strengthened market expectations that high interest rates will persist for a long time, more traders have been selling the yen; in addition, concerns that the high-rate-related policies of the ruling party will worsen the fiscal situation have kept the yen under sustained downward pressure.
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