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Japanese Yen to United States Dollar Apr 28 92100 AM UTC Disclaimer..
The Japanese Yen (JPY) fell sharply against the United States Dollar (USD) on Thursday, April 28, 2023, reaching a low of 92.100 yen to the dollar. This marks the lowest level for the yen against the dollar in more than 20 years.
The yen's decline was driven by a number of factors, including rising interest rates in the United States and geopolitical uncertainty surrounding the war in Ukraine. The Federal Reserve has hiked interest rates several times this year in an effort to combat inflation. This has made the U.S. dollar more attractive to investors, who are now seeking higher returns on their investments.
The war in Ukraine has also contributed to the yen's decline. The conflict has created uncertainty in the global economy, and investors are fleeing to safe haven currencies like the U.S. dollar.
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