Not exact matches
The bulk of this has been due to the exchange rate
against the Japanese
yen, as the
yen has fallen
sharply on world markets, including a fall of about 50 per cent
against the US dollar from its peaks in mid 1995.
Most important has been the weakening in the
yen, which fell
against the US dollar from 133 at end March to a low of 146, before intervention by the US authorities saw it recover
sharply (Graph 1).
In early June, however, the Australian dollar's fall accelerated, causing it to decline even
against the
yen, which was itself falling
sharply.