Cryptocurrency Q&A
What happened to the USD/JPY exchange rate?
What happened to the USD/JPY exchange rate?
Silvia
Wed Aug 07 2024
|
6 answers
1090
I'm curious to know, could you elaborate on the recent developments with the USD/JPY exchange rate? Has there been any significant changes or movements in the last few days, weeks, or even months? And if so, what are the primary factors that have contributed to these changes? Understanding the current landscape and any potential future trends in this currency pair is crucial for investors and traders alike.
6 answers
BitcoinBaroness
Fri Aug 09 2024
The USD/JPY exchange rate has undergone a significant transformation in recent weeks, driven by the widening gap between the monetary policies of the Federal Reserve and the Bank of Japan.
Was this helpful?
116
97
Carolina
Fri Aug 09 2024
This divergence has led to a sustained decline in the USD/JPY rate, which has now fallen for four consecutive weeks.
Was this helpful?
283
23
BlockchainVisionary
Fri Aug 09 2024
The exchange rate has dropped notably, falling from its year-to-date high of 161.76 to a current low of 149.54.
Was this helpful?
43
21
ShintoBlessing
Fri Aug 09 2024
The Federal Reserve's recent actions, including interest rate hikes, have contributed to the weakening of the US dollar relative to the Japanese yen.
Was this helpful?
354
60
CryptoMystic
Thu Aug 08 2024
Meanwhile, the Bank of Japan has maintained a more accommodative stance, with interest rates remaining low and asset purchases continuing.
Was this helpful?
198
60
Load 5 more related questions
