The Japanese yen has weakened to 160 against the U.S. dollar for the first time since 1990.

The Japanese yen has weakened to 160 against the U.S. dollar for the first time since 1990.
The Japanese yen has weakened to 160 against the U.S. dollar for the first time since 1990.

The U.S. dollar strengthened to 160 against the Japanese yen in Monday morning trading in Asia.

The greenback has remained strong while the currency has weakened, and the Federal Reserve has delayed rate cut expectations.

This is breaking news. Please check back for updates.

by Christine Wang

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