Yen sinks to near historic levels against euro and Asian currencies

Carry trades boom as investor sentiment improves

20231107N Yen's decline

The yen weakened to a roughly 15-year low against the euro and a 38-year low against the Singapore dollar. © Reuters

RYO SAEKI and MIKI KAMIYAMA, Nikkei staff writers

TOKYO -- The yen's depreciation is spreading beyond the U.S. dollar, with exchange rates against such currencies as the euro and Singapore dollar approaching historic lows.

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