Yen weakens through 150 per dollar for the first time since 1990
The surging greenback also pushed the Chinese offshore yuan to a record low in Asia, though it later trimmed intraday losses on a report of a potential reduction in COVID quarantine time for visitors. The fragile yen hit 150 per dollar, its lowest since August 1990, and last bought 149.975. It has been on a losing streak for 11 straight sessions as of Wednesday’s close, and has renewed 32-year lows for six sessions now.
