The yen at its lowest level against the dollar since 1998
The yen fell Monday to a new low against the dollar for nearly 24 years, in the wake of the reacceleration of inflation in the United States in May, which augurs a more aggressive monetary tightening by the Fed.
The dollar rose to 135.19 yen shortly after 04:00 GMT, a record since October 1998. It has been falling a little since then, hovering around 134.70 yen around 06:10 GMT.
The Japanese currency's decline became brutal from March and it had been trading at its lowest levels since 2002 against the greenback since mid-April.
In question, the growing gap between the monetary policy of the Bank of Japan (BoJ), always ultra-accommodating, and that of the American Federal Reserve (Fed), which tightens its liquidity tap in an attempt to tame unbridled inflation. in the USA.
Consumer prices ...