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The USD/JPY exchange rate hits 150 yen mark

By on October 21, 2022

The US dollar goes past 150 yen level in Tokyo trading Thursday as the currency continues to slide.

This is the Japanese yen’s lowest level since August 1990 as the U.S. currency rises by around 35 yen in the past 10 months.

Despite BOJ’s intervention in late September to prop up the yen after it fell below 145, the move did little to slow the yen’s weakening for a few days.

According to a Tokyo Stock Exchange report showed Thursday, foreign investors were net buyers of Japanese stocks for the second consecutive week last week.

In a report on stock trading via 50 brokerage firms on the TSE and the Nagoya Stock Exchange, their buying excess stood at 152,453 million yen, down from 403,547 million yen the preceding week.

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