Japanese Yen Tanks As Crude Oil Surges Higher On Energy Crunch. Will USD/JPY Keep Going?
October 11, 2021 at 04:46 AM EDT
USD/JPY moved to its highest level in 2 years today as oil, gas and coal continued to maintain lofty levels. Japanese Prime Minister Fumio Kishida also ruled out introducing a capital gains tax. The weak Yen helped to boost the Nikkei 225 index.