The Japanese yen has hit a 15-year high against the US dollar against a backdrop of inaction by the Government.
At one point the dollar slid to 84.17 yen, the lowest it has been since 1995, although it has since climbed to 84.44. The drop came after it was revealed the governor of the Bank of Japan and the Japanese Prime Minister had agreed not to take any measures to tackle the strength of the yen. Fears about the impact this may have on exports also contributed to a 1.33% fall in the Nikkei to 8,995.14.
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