i'm yoshi ogasawara in tokyo.s for watching, and do stay with us for more. ♪ >>> this is "newsline biz." i'm gene ohtani. >>> u.s. inflation data for september came in at 8.2%, signaling persistent higher prices. this has caused the yen to hit its lowest level in 32 years. our business reporter has this report from the tokyo stock exchange. >> well, it has to do with the u.s. federal reserve raising rates aggressively to tame inflation. as assets in countries with higher rates tend to make better investments the dollar has been strengthening this year, making other currencies lose their value. looking at the dollar-yen, the greenback has climbed by more than 25% in 2022. at one point on thursday the dollar was trading in the upper 147 yen levels a high not seen since august of 1990. it came off that level during tokyo trading hours on friday, as investors thought the japanese government might intervene to prop up the yen. the government took similar steps in late september. the first such intervention in 24 years.