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Currency: the weakened yen

08/09/2025
Source : ORISHAS FINANCE
Categories: Economy/Forex

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After the announcement of the resignation of the Prime Minister Japanese Shigeru Ishiba this weekend, the yen fell on Monday.

The yen weakened significantly during trading in Asia, allowing the dollar to rise by up to 0.78% before rising stabilize with an increase of 0.26% on the day, at 147.77.

The Japanese currency has also slipped to its level the lowest in over a year against the euro, which rose by 0.3% to 173.25 yen.

The yen barely reacted to the Publication of figures showing the growth of the Japanese economy on Monday much higher than initial estimates for the second quarter.

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