The Japanese Yen is the most depreciated in 34 years

At the end of last month (March 27, 2024), the value of the Japanese yen dropped to the lowest in 34 years when compared to the US Dollar which depreciated by 0.3% at 151.97 Yen per US Dollar. This was due to the Yen sell-off by investors after the Bank of Japan (BOJ) was expected to continue its easing monetary policy despite the interest rate hike in the recent meeting.