The Japanese yen fell to its lowest level in 3 years against the dollar

 The yen fell against most of the major currencies during trading on Friday, hitting its lowest level in three years.

For his part, Japanese Finance Minister Shunichi Suzuki told the media that the stability of the yen is very important and that the Japanese government will make every effort to remove the impact of fluctuation in the exchange rate on the economy.

The yen was negatively affected by the rise of the US dollar after the release of the minutes of the Federal Reserve meeting, which showed that members discussed a plan to start reducing asset purchases of $ 15 billion per month starting in mid-November.

Suzuki stressed that the Japanese government will continue to closely monitor the movement of the yen's exchange rate in the currency market and its impact on the economy.

Suzuki added that although the weak Japanese yen increases the cost of imports for some businesses and consumers, it is also supporting exporters.

It should be noted that producer price inflation in Japan rose to its highest level in 13 years in September, coinciding with the rise in global commodity prices.

In terms of trading, the US dollar rose against the yen by 19:37 GMT by 0.5% to 114.2, the highest level since December 2018.