Read this in The Manila Times digital edition.
Electronic quotation boards display the yen’s rate against the United States dollar at a foreign exchange brokerage firm in Japan’s capital Tokyo on Thursday, Oct. 20, 2022. AFP PHOTO
TOKYO: The yen hit 150 to the United States dollar for the first time since 1990 on Thursday, driven down by the contrast between Japanese monetary easing and aggressive American interest rate hikes.