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Japanese yen weakens to fresh 38-year lows; top currency diplomat replaced

WorldJapanese yen weakens to fresh 38-year lows; top currency diplomat replaced


The Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark for the first time since 1986 and reaching a high of 161.27, according to LSEG data.

The last time the currency was at this level was in December 1986.

Separately, Japan has also reportedly appointed Atsushi Mimura as its top currency diplomat, replacing Masato Kanda, according to Nikkei.

Mimura is the director general of the Japanese finance ministry’s international bureau.

This is breaking news, please check back for updates.



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