Why is the yen weakening despite Japan posting its largest-ever current account surplus?!
11/11The Ministry of Finance announced that the current account surplus for the first half of this fiscal year reached a historic high15.8 trillion yen. However, the dollar-yen exchange rate rose to around153 yen, and the depreciation of the yen shows no sign of slowing. From the changes in the international balance of payments structure, we can glimpse a skew in dollar demand and supply, and this article assesses the future of the USD/JPY exchange rate.
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