The dollar increased 1.05% to 142.1 JPY, reaching this mark for the first time in 24 years. On September 6, when the yen hit a new low, Shunichi Suzuki, the Japanese Finance Minister, emphasized that jarring JPY movements were disadvantageous and that he was observing growing market volatility with grave seriousness.
The Japanese Yen Declines Below the Conceptual 142/USD Level
As the disparity among Japanese monetary policy and that abroad grows ever more evident, the Japanese yen has fallen to the conceptual mark of 142 per $1 on September 6, constituting a new low not seen in 24 years.
