Japan Exchange Rate

Japan

Japan: Japanese yen continues to depreciate in March

March 30, 2012

On 30 March, the Japanese yen (JPY) traded at 82.8 per U.S. dollar (USD), weakening 1.9% over the end of the previous month. The March depreciation followed the sharp 6.8% loss recorded in February. In fact, the Japanese yen has continuously lost ground against the USD since the Bank of Japan announced on 14 February that it aims to achieve an inflation goal of 1% mainly purchasing financial assets. That said, on an annual basis, the yen has only weakened a mild 0.1%.


Author: Ricard Torné, Head of Economic Research

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