Currencies

Yen falls past 135 to hit 24-year low versus dollar

Japanese currency keeps weakening despite BOJ, government concerns

20220613 yen

The Japanese yen fell past 135 versus the dollar on the way to hitting a 24-year low on Monday. (Photo by Karina Nooka)

KENTARO IWAMOTO, Nikkei staff writer
June 13, 2022 12:04 JST
Updated on June 13, 2022 16:18 JST

TOKYO -- The Japanese yen fell to a 24-year low on Monday, as the country's central bank continues to buck the global trend of rate hikes and keep monetary policy ultra loose.

The yen dropped past 135 against the dollar, its lowest level since October 1998 when the Asian Financial Crisis swept the regional economy.

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