Yen Drop Passes Lowest Level Since January – 12 July, 2018

For the month of July, the yen has been the worst performing currency among its G-10 peers. The yen is down 0.5 percent to 112.56, falling passed the 112.10 per dollar mark, its weakest since January. Experts are stunned at the declines which coincided with other weaker currencies against the dollar. Experts also agree that U.S. inflation data could soon drop the yen further to 113 yen per dollar.