Yen Sinks To 34-year Low Past 160 Per Dollar

Fonte: International Business Times

The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year AFP The yen sank to a new 34-year low past 160 per dollar on Monday after a forecast-beating US inflation reading dented expectations for US interest rate cuts this year. The greenback bought 160. 17 yen in morning trade -- its weakest since 1990 -- fanning speculation that Japanese authorities would step in to support their currency.