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 Potential Layoffs Ahead as Companies Brace for Interest RateHikes READ MORE Russian grain chief says BRICS exchange idea gaining traction READ MORE Gold holds steady as geopolitical risks counter rate cut concerns READ MORE G-20 Says World Economy Has Growing Chance of Soft Landing READ MORE Charted: Workers Win As Wage Growth Outpaces Inflation READ MORE Add a Comment Cancel replyYour email address will not be published.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
