The Japanese yen has reached a 34-year low against the US dollar as investors brace for a crucial US inflation report. The yen's decline comes amid growing concerns about the impact of rising inflation on global markets.
Market analysts attribute the yen's weakness to a combination of factors, including the Federal Reserve's plans to taper its bond-buying program and expectations of a strong US inflation reading. The yen's depreciation is also seen as a reflection of the broader strength of the US economy compared to its Japanese counterpart.
