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: Two were martyred in an initial toll of the Israeli drone strike that targeted the al-Asira neighborhood in the city of Baalbek, eastern Lebanon
Al Mayadeen's correspondent: An Israeli drone strike targeted the al-Asira neighborhood east of Baalbek, eastern Lebanon
Sheikh Naim Qassem to the pager attack survivors: You are the greatest resistance. Know that 'Israel' will fall because it embodies aggression, crime, and occupation; victory is truly yours
Sheikh Qassem to the pager attack survivors: The value of what you are doing despite your wounds is immense, and here you are, treading the path of the Master of Nation's Martyrs and the leaders
Sheikh Qassem to the pager attack survivors: You are moving forward with insight deeper than sight itself. The enemy sought to eliminate your role in the battle, yet you remain steadfast and continue the fight
Hezbollah Secretary-General Sheikh Naim Qassem to the pager attack survivors one year later: You are healing from your wounds and rising above them. You have successfully passed the test
Palestinian media: Reports of stabbing operation in occupied al-Quds.
Israeli media: Sirens blare in Arava in South, near Ramon Airport.
Egyptian PM Mostafa Madbouli: Egypt is targeted in plans to redraw regional map
AEOI Chief Mohammad Eslami: Our presence in IAEA General Council and fact-checking helped in preventing unilateral rhetoric that aims to portray Iran as an unregulated country

Yen drops to lowest in two decades against USD

  • By Al Mayadeen Net
  • Source: Agencies
  • 13 Apr 2022 16:31
  • 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

Syria's al-Sharaa: Security deal with 'Israel' is a necessity

US Federal Reserve lowers interest rates for first time in 2025

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

Uprising against Volker Turk at the Human Rights Council over Gaza.

Uprising against Volker Turk at the Human Rights Council over Gaza

  • Politics
  • 12 Sep 2025
A screengrab from the ad played on Fox News. (X Screengrab)

Fox airs ad warning Trump not to let Netanyahu 'play' him on Gaza

  • US & Canada
  • 11 Sep 2025
Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

Lapid: Egypt’s Arab Force plan a 'severe blow' to normalization

  • Palestine
  • 14 Sep 2025
UKLFI’s latest faux pas, like "Israel’s" recent failed attempt at regime change in Iran, is unambiguously indicative of a flailing entity on the verge of extinction. (Al Mayadeen English; Illustrated by Zeinab el-Hajj)

Zionist lawfare operation facing collapse?

  • Opinion
  • 13 Sep 2025

Coverage

All
The Ummah's Martyrs

Read Next

All
A Hezbollah supporter who lost his sight in a pager attack carried out by "Israel" on Sept. 17, 2024, covers his eyes with a red headband inscribed with the name "Hussein" during Ashoura, July 6, 2025 (AP)
Politics

'We Have Recovered': Lebanon marks 1st anniversary of Pager Attack

The Arab neighborhood of El Za'im, on the outskirts of east Occupied Al-Quds in the West Bank, near where Israeli government says housing units will be built as part of the E1 settlement project, Thursday, August 21, 2025. (AP Photo/Ohad Zwigenberg)
Palestine

'Israel’s' deliberate policies drive West Bank economy toward collapse

Ben & Jerry's ice cream shop, Wednesday, Feb. 26, 2025, in Cambridge, Mass. (AP Photo/Charles Krupa)
Politics

Ben & Jerry’s co-founder resigns over parent company curbing activism

Trump’s approval rating falls to new low in second term: Poll
US & Canada

Trump’s approval rating falls to new low in second term: Poll

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