Browsing Tag

Japanese yen

The yen fell to its lowest level in 40 years

The Japanese yen fell to a 40-year low on Tuesday, June 30, leaving authorities on high alert given this setback against the US dollar. "Experts believe that government action will not reverse the currency's trend," but intervention is not ruled out, as "the 'greenback' is appreciating 0.1 % and is…

Investors sue Coinbase for trading GYEN

Cryptocurrency exchange Coinbase Global Inc. was sued for its role in promoting and marketing a stablecoin called GYEN, which allegedly had its value pegged to the Japanese yen and caused investors to lose millions of dollars. The lawsuit…