Japanese yen sinks to record low against euro

The Japanese yen hit a level of 173 yen per euro on Tokyo's foreign exchange markets on Monday.

It marked the yen's lowest level against euro since the European currency was introduced in 1999.

The downgrade to Japan's economic growth figures this year resulted in the struggling yen, according to analysts.

Russia said that it had destroyed and damaged multiple Ukrainian warplanes over the past 24 hours, while Ukraine said that it had engaged in 136 battles with Russian forces at the front.

The Russian Ministry of Defense said on Tuesday that the Russian army conducted cluster strikes on Ukrainian military airports with high-precision weapons, destroying five Su-27 fighters and damaging two others in the past 24 hours.

Russian air defense forces shot down several Ukrainian cruise missiles, guided bombs, rockets and 81 drones, as well as a MiG-29 fighter and a Su-27 fighter, according to the minitry.

Also on Tuesday, the General Staff of the Ukrainian Armed Forces said that Ukrainian army engaged in 136 battles with Russian forces over the past 24 hours.

The Russian army launched six attacks in the direction of Kharkov. The fighting in Volchansk was still going on as of Tuesday evening, but the overall situation was under control.

Battles in the direction of Pokrovsk was the most intense. The Russian army launched 43 attacks on the Ukrainian defense line in this region as of the evening of Tuesday, while the Ukrainian army repelled 31 Russian attacks.

Hungarian Prime Minister Viktor Orban on Tuesday visited Ukraine, which was his first visit to Ukraine since the escalation of the Russia-Ukraine conflict.

Ukrainian President Volodymyr Zelensky and Orban held talks on cooperation in the fields of infrastructure and energy, as well as bilateral trade, while exchanging views on achieving future peace. Orban said that Hungary is willing to provide Ukraine with all possible assistance within its capacity during its term as the rotating presidency of EU and suggested that Ukraine reconsider its decisions and accept a temporary ceasefire to advance peace talks with Russia.