Economic TimesLean R·
Yen heads for biggest weekly drop since May despite Tokyo's support pledges
The Japanese yen is experiencing a dramatic drop, marking its most significant weekly decline since May. The currency has hit 40-year lows against the US dollar, compounded by Japan's ineffective measures to bolster its value. Additionally, surging oil prices have reignited inflation worries, further enhancing the dollar's strength, while the euro and sterling have seen slight increases against it.
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