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Japanese yen English
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News and current affairs
The American dollar soared, the Japanese yen went into orbit, the euro fell to earth, and the British pound crashed, leaving a giant crater.
Continuing weakness in the Japanese economy will eventually hit the yen.
Once the Japanese engineered their own QE, the yen promptly depreciated.
The addition of the renminbi to the basket, which currently includes the US dollar, the euro, the British pound, and the Japanese yen, would provide China with a boost to its prestige.