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International Business Times
International Business Times
Business
Mathias CENA

Yen Hits 34-year Low Against Dollar

Bank of Japan Japan Monetary Policy
Over the past two years the yen has sharply weakened (Credit: AFP)

The yen hit a 34-year low against the dollar on Wednesday, just over a week after the Bank of Japan announced a much-anticipated interest rate hike in a shift away from years of ultra-loose monetary policy.

The unit weakened to 151.97 per dollar, its softest since 1990, before recovering to levels of around 151.72.

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