Currency Investors Eye Japanese Yen as Value Drops

With the recent sharp decline in the value of the Japanese yen, many people are thinking, "I need to buy yen!"

The attention of currency investors is shifting from the U.S. dollar to the Japanese yen.

According to five major commercial banks, the balance of yen deposits stood at 1.1305 trillion yen, an increase of 4.88 billion yen compared to the end of last month.

On the other hand, dollar deposits decreased by about 7.2 billion dollars over the same period.

As the yen fell to the mid-850 won range per 100 yen at the end of last month, demand to purchase yen in advance is also on the rise.
※ Please note: This article was translated by AI and may contain errors.