The Japanese yen slid to ¥160 on Monday, but rebounded back.
The Japan Times reported:
The yen swung in holiday-thinned market conditions, punching through ¥160 per dollar to touch its weakest in 34 years before erasing all its losses for the day and rebounding strongly.
The Japanese currency dropped to ¥160.245 per dollar on Monday before heading into the other direction to ¥155.01. Trade sources said Japanese banks were seen selling dollars for yen.
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