BREAKING: For the first time s-To The Moon - Tiger Brokers Online Investing Community - To The Moon

BREAKING: For the first time since 1990, the Japanese Yen weakens to 160 against the US Dollar.

In other words, the conversion rate for 1 US Dollar has gone from 130 Yen to 160 Yen, a massive change for a major currency.

This comes as the Bank of Japan kept interest rates near 0% even as their currency is sliding.

Last month, the Bank of Japan raised interest rates for the first time since 2007.

Still, their currency has lost nearly 20% of its purchasing power against the US Dollar over the last year.

What is happening in Japan?

Persistent weakness in the Japanese Yen be interpreted as a lasting inflationary signal.

Meanwhile, rate cuts are being priced out in the US and higher for longer is back.

It's going to be a bumpy road ahead.

Yen Hits New Low: Forex and Travel Opportunities?

Over the past 30 years, the Japanese yen moved beyond USD/JPY 159 for the first time, potentially prompting Japan to intervene in the market.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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