Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen's correspondent: Israeli drone strike targets motorcycle in Kawnin, South Lebanon.
Hegseth in a meeting with his Chinese counterpart: Washington will continue to defend its interests vigorously
US Defense Secretary Pete Hegseth: The United States is concerned about China's activities in the South China Sea
Occupied Palestine: Israeli occupation forces demolishe residential homes east of Khan Younis city in the southern Gaza Strip
Al Mayadeen correspondent: An Israeli drone attacked the main road in the town of Harouf, South Lebanon.
Lebanese President: Israeli aggression on Blida took place in aftermath of meeting of ceasefire monitoring committee.
Lebanese President Joseph Aoun asks Commander of Lebanese Army to confront any Israeli incursion into liberated Lebanese territory in the South.
Al Mayadeen's correspondent: Israeli aircraft launch series of strikes on area of Jarmaq, South Lebanon.
Reuters: Afghanistan and Pakistan agree to restart peace talks in Istanbul.
Al-Mayadeen's correspondent in southern Lebanon: Israeli occupation forces withdraw from the Blida municipality building two hours after occupying it, and the Lebanese army enters

Yen drops to lowest in two decades against USD

  • By Al Mayadeen Net
  • Source: Agencies
  • 13 Apr 2022 17:31
  • 1 Shares
3 Min Read

The Japanese yen, hard hit by the Ukraine crisis, is taking to new lows due to monetary policies taken by the United States in a bid to solve its own issues.

  • x
  • Japanese yen bills (AFP)
    Japanese yen bills (AFP)

The yen has dropped Wednesday to a historic low against the US dollar, marking its lowest drop in 20 years following the stricter Fed monetary policies and looser policies implemented by Tokyo.

Though the yen has been seen throughout recent history as a safe currency rarely affected by external circumstances, uncertainty surrounding the Ukraine crisis has caused the currency to tank and fail to bounce back.

Washington implementing policies deemed as strict and more aggressive and the rising oil prices in Japan have also exhausted the currency's efforts to rise and caused it to sink lower.

The yen decreased to 126 on the dollar, reaching its lowest rate since 2002.

The yen had already lost 10% of its value against the USD in 2021 after it had been steady for around four years.

The US central bank has been embarking on a path toward stricter monetary policies in order to compensate for high inflation, which surged US treasury yields and pushed the dollar against the yen.

Related News

Xi Jinping to meet Canadian, Japanese leaders at APEC Summit

New York announces state of emergency, grants $65 mln to food banks

Earlier, Bank of Japan governor Haruhiko Kuroda said the bank would maintain its monetary easing policies in a bid to reach its long-held 2% inflation target.

"Given the economy and price situation, the Bank of Japan will seek to realize its two-percent inflation target... by resiliently continuing its current powerful monetary easing," he said.

Swiss Bank UBS had pointed out that a weaker yen would negatively affect the purchasing power of the Japanese in addition to the higher import costs that would affect small businesses.

Prime Minister Fumio Kishida, who has not held the premiership for long, did not comment on the yen's dip when asked on Tuesday; instead he stressed the importance of having a stable currency in foreign exchange rates.

"I will refrain from commenting on the level of exchange rates, but their stability is important and I think rapid fluctuations are undesirable," he said.

The US and its allies, including Japan, had rolled out comprehensive sanctions on Russia over the war in Ukraine, which included restrictions on the Russian central bank, export control measures, SWIFT cutoff for select banks, and closure of airspace to all Russian flights. Many of their companies have suspended their Russian operations.

The ramifications of these sanctions have affected the West quite harshly, with Japan being one of many countries whose currency has tanked and ravaged by inflation, causing the purchasing power of its population to sharply decrease.

  • United States
  • Japan
  • Russia
  • Washington
  • USD
  • Yen
  • Tokyo
  • Ukraine

Most Read

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

Arab League chief exposes secret US deal shielding 'Israel’s' nukes

  • Politics
  • 27 Oct 2025
Hi-tech holocaust: Microsoft’s role in Gaza genocide

Microsoft's role in world’s first AI-driven genocide, in Gaza, exposed

  • Technology
  • 28 Oct 2025
What Marr evidently didn't seem to understand was that Hedges isn't saying that Western journalists manipulate the truth, but that they systematically amplify Israeli narratives they know are false. (Al Mayadeen English; Illustrated by Batoul Chamas)

Western journalists know they have a case to answer for their betrayal of Gaza, and it frightens them

  • Opinion
  • 24 Oct 2025
Sheikh Naim Qassem speaks during an interview with Al-Manar TV, October 26, 2025 (Screenshot)

Hezbollah ready to face 'Israel' in case of war: Sheikh Naim Qassem

  • Politics
  • 27 Oct 2025

Coverage

All
War on Gaza

Read Next

All
ap
Politics

Hamas calls on int’l community to act against Israeli settlement plan

In this Nov. 9, 2017, file photo, U.S. President Donald Trump, right, chats with Chinese President Xi Jinping during a welcome ceremony at the Great Hall of the People in Beijing. (AP)
Economy

Ex-US diplomat says Trump-Xi deal 'tactical retreat', not lasting deal

An unarmed Minuteman II intercontinental ballistic missile launches from Vandenberg Air Force Base, California, during a test in 2002. (US Air Force)
Politics

JD Vance defends Trump's nuclear test plan as 'crucial for security'

Ultra-Orthodox Jews attend the "million man" protest against military conscription, in occupied al-Quds, October 30, 2025 (AFP)
Politics

Haredi mass rally in al-Quds exposes Zionist regime's growing crisis

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS