Japanese yen weakens to fresh 38-year lows, crosses 161 against the U.S. dollar

Japanese yen weakens to fresh 38-year lows, crosses 161 against the U.S. dollar

The Japanese yen weakened to fresh 38-year lows on Friday, crossing the 161 mark for the first time since 1986 and reaching a high of 161.27, according to LSEG data.

The last time the currency was at this level was in December 1986.

This is breaking news, please check back for updates.

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