Yen hits 9-month low

VTV.vn - The Japanese yen, considered a safe asset, hit its lowest level since February 2025 against the USD on November 11.

Japanese 5,000 yen banknote. (Photo: Kyodo/VNA)

The yen fell to 154.49 yen per dollar, while the euro was steady at 1.1555 dollars per euro and the pound edged up to 1.3165 dollars per pound.

The US Senate on November 10 approved a deal to restore federal funding and end the longest government shutdown in history. The bill will now go to the House of Representatives, with House Speaker Mike Johnson saying he wants to pass it as early as November 12 and send it to President Donald Trump to sign into law. The prospect of an early reopening of the government is expected to boost consumer spending and ease concerns about the US economy .

The yen remained under pressure, however, as Japan's new Prime Minister Sanae Takaichi urged policymakers to slow down on raising interest rates, while US policymakers appeared cautious about further cuts.

Among weaker currencies, a sharp decline in the South Korean won sent it to a seven-month low and more than 2 percent loss for the month so far, as both domestic and foreign money fled the country's stock market.

The recent fall in the won's value against the dollar was mainly due to capital outflows, especially Korean investment into US stocks, said Kiyong Seong, chief macro strategist for Asia at Societe Generale in Hong Kong.

The won also fell as hopes of an end to the US government shutdown pushed the dollar higher.

The won was at 1,463.3 won per dollar on the afternoon of November 11, its lowest since April 9, when it closed at 1,484.1 won per dollar.

Source: https://vtv.vn/dong-yen-cham-muc-thap-nhat-trong-9-thang-100251111193814227.htm