The Declining Yen: A Look into Its Battle Against the Dollar The Japanese yen has significantly weakened against major currencies, marking it as the decade’s worst performer. Particularly against the US dollar, the yen has fallen 37.8% since 2020, even reaching a 30-year peak above 151.50. Despite the dollar’s strong performance, a large majority of traders (74%) are betting on the yen to bounce back, anticipating a return to its average historical values. This suggests a widespread belief in a potential correction following its steep decline, highlighting investor sentiment for a mean reversion in the currency market. « Previous Article Next Article » Share This Article Choose Your Platform: Facebook Twitter Google Plus Linkedin Related Posts Fed's Anticipated Rate Cuts Stir Major Buzz at Davos 2024 READ MORE Gold's Bullish Momentum: Setting the Stage for 2024 Amid Economic Uncertainties READ MORE ConocoPhillips and Marathon Oil Merge in $22.5 Billion Deal, Extending Industry Consolidation READ MORE Fed Expected to Hold Rates Steady READ MORE Analyst Says Silver Could Be Headed to $50 READ MORE Add a Comment Cancel replyYour email address will not be published. Required fields are marked *Name * Email * Save my name, email, and website in this browser for the next time I comment. Comment