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 New Billboard in Times Square Sounds Alarm on $34 Trillion National Debt Crisis READ MORE Market Tremors: NY Community Bancorp's Record Drop Highlights Commercial Real Estate Concerns READ MORE Housing’s outsized role in the Fed’s inflation problem: Morning Brief READ MORE February Sees First Drop in Consumer Confidence Since November, Signaling Economic Unease READ MORE Add a Comment Cancel replyYour email address will not be published.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
