The Declining Yen: A Look into Its Battle Against the Dollar The Japanese yen has significantly weakened against major currencies, marking it as the decade’s worst performer. Particularly against the US dollar, the yen has fallen 37.8% since 2020, even reaching a 30-year peak above 151.50. Despite the dollar’s strong performance, a large majority of traders (74%) are betting on the yen to bounce back, anticipating a return to its average historical values. This suggests a widespread belief in a potential correction following its steep decline, highlighting investor sentiment for a mean reversion in the currency market. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE Towards Global De-dollarization: Iran Advocates for BRICS Digital Currency in 2024 READ MORE Goldman Says Commodities to Gain as Central Banks Cut Rates READ MORE Gold hits fresh record as rate cut hopes build after data shows inflation ease READ MORE Central banks bolster gold reserves further in February, albeit at a slower pace READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment
