Aussie dollar hits 100 yen

The Australian dollar has hit 100 Japanese yen for the first time since May 2013.

Australian Dollar coin.

The Australian dollar has hit 100 Japanese yen for the first time since May 2013. (AAP)





The Aussie dollar has been steadily climbing against the yen since October 31, when the Bank of Japan unexpectedly announced it would increase its massive bond-buying program in a bid to kickstart its sluggish economy.

The BoJ said it had ramped up its bond-buying program by as much as 20 trillion yen ($A196.92 billion) a year, to 80 trillion yen.

On Wednesday morning, the Australian dollar reached 100.48 yen - its highest level since May 22.

It's one of the few times since the early 1990s that the local currency has passed the 100 yen milestone.


Share

1 min read

Published

Updated


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world