As predicted, it was only a matter of time before the U.S. Dollar fell below the psychologically important 100 yen mark. On Monday, March 14, 2008, the U.S. Dollar dipped below 99 yen, and fell to a record low against the Euro, following the announcement that Bear Stearns is seeking an emergency cash injection from the Federal Reserve and JP Morgan Chase. This news confirmed investors’ fears that the U.S. economy is, indeed, in a recession and it is likely that more big financial firms, such as Bear Stearns, are in a similar liquidity crisis.