Yen to Dollar News. Since crisis in Japan, U.S. dollar goes to its lowest levels since World War II. US dollar traded at 81.38 yen at 0205 GMT as compared with 78.95 in late US trade Thursday, and a euro bought 114.41 yen from 110.67 within the same time period.
The dollar's value against the yen has been sliding for months. But the trend accelerated following last week's devastating earthquake, tsunami and resulting nuclear crisis.
A weaker dollar against the yen means that Japanese autos and other goods would cost Americans more while U.S-made cars and other products would be more competitive in Japan. But it could also lead to inflation because the price of Toyotas and Hondas would rise.
And the price of oil could rise at a time when it has already been trading above $100 a barrel. The reason is that oil producers are paid in U.S. dollars. So a weaker dollar would prompt Saudi Arabia and other producers to raise the price. The crisis in Japan has not had quite as big an impact on other major currencies.
Bank of Japan had begun to sell yen at 12:00 p.m. GMT and other central banks from the G7 would intervene as their markets opened, said Japan's Finance Minister Yoshihiko Noda.
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