Yen Shooting Toward ¥100 Again

The U.S. dollar is ramping higher against the yen again as the Japanese currency continues to depreciate toward that key pyschological ¥100 level.

The chart below shows the big downward move the yen has made against the dollar today. And it’s still going lower.

The dollar is up 0.8% today against the yen, currently trading just off its highs at ¥99.71.

yenClick to enlarge

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