Why did the Japanese Yen fall so dramatically against the dollar in 2022 and why is it recovering now?
In: 3
The yen didn’t fall. The dollar rose. The curves for $1 to [yen](https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=JPY), [Euros](https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=EUR), [pounds](https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=GBP), [rupees](https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=INR), and [yuan](https://www.xe.com/currencyconverter/convert/?Amount=1&From=USD&To=CNY) all have basically the same shape, suggesting that those currencies stayed stable while the dollar rose last year (and has fallen some in the last few months).
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