The US dollar/Japanese yen briefly approached its 2024 high and then rapidly declined Odaily Planet Daily reported that the US dollar briefly rose above 161.90 against the Japanese yen, and then rapidly fell to 161.20. However, this round of decline has been taken over by buying, and the exchange rate quickly rebounded to 161.65. Japanese officials have issued multiple warnings, stating that they are closely monitoring market trends. Last Friday, the US dollar/Japanese yen exchange rate recorded its highest weekly closing price in 40 years, and the end of the Iran War did not seem to bring relief. The rise earlier today has surpassed the June high of 161.80, but the intraday high of 161.94 in July 2024 has not yet been broken (although it is already precarious). As the Ministry of Finance faces challenges, yen trading will enter a period full of variables. (Golden Ten)