STEM major here. I saw this recently about how Japan raised its interest rates to .25%. Can someone please explain to me how this strengthens the yen? In addition to this why would the US increasing interest rates at this time decrease the value of the dollar? Please help me I’m lost here 😅 have a great day everyone!
In: Economics
Another reason why the Nikkei dropped like crazy is Japan has a significant amount of stocks held by foreign traders. Since the US dollar dropped like crazy, many just sold stocks to pay off their debt.
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