Why did the Japanese Yen fall so dramatically against the dollar in 2022 and why is it recovering now?
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Most western countries saw inflation last year due to the lifting of covid measures opening up markets conflated with the constricted energy market due to sanctions on Russian energy. The US dollar saw less inflation than the Japanese yen, so comparatively, the dollar gained value over the yen in that time. It’s similar with a number of other currencies as well.
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