The yen’s rebound from the cusp of a 33-year low versus the dollar has only served to highlight the increased pressure it faces with other major currencies.
It touched the weakest in 15 years against the euro on Wednesday, depreciated to a record level to the Swiss franc and registered a drop versus ever other Group-of-10 currency. In fact, Bloomberg’s measure of the yen’s relative strength against its G-10 peers fell to the lowest since 2007.
Read the full story here.