1 In August 1998, the yen depreciated to 145 yen1USD.
1After August, 1998, with the occurrence of events such as the Russian financial crisis and the bankruptcy of the American long-term investment management company, the yen began to rebound.
At the end of 1999, the yen rebounded to 103 yen 1 USD.
At the beginning of 2000, the yen began to decline slightly, from 105 yen at the beginning of the year to 1 yen at the end of the year, and then to 1 12 yen at the end of the year. After entering 200 1 year, the exchange rate of the yen against the US dollar fell further. In July, the exchange rate of the Japanese yen against the US dollar dropped from 1 17 yen at the beginning of the year to 1 yen against 1 US dollar.
After the "9. 1 1" incident, the US dollar once fell sharply, but the Bank of Japan immediately intervened in the market and sold a lot of yen to buy US dollars, which made the yen quickly resume its decline. In June, 5438+00 and June, 5438+0 10, the exchange rate of Japanese yen against the US dollar was 12 1 Japanese yen and 122 Japanese yen, respectively, converted into 1 US dollar. After entering 65438+February, the downward trend of the yen began to intensify. By 65438+February 16, the yen broke through the psychological barrier of 130 yen to 1 USD.