FOREX-Yen Climbs on Hawkish BOJ Repricing
6 Articles
6 Articles
[Cable News] The Japanese yen continued to strengthen, hovering around 157.7 against the US dollar, a roughly one-month high, with each 100 yen worth approximately 4.97 Hong Kong dollars. (Bank of Japan)
Amid growing expectations of a Bank of Japan interest rate hike, the yen has strengthened to the low 158 yen range, resulting in volatile trading. The yen surged to nearly 158 yen against the dollar in the foreign exchange market. The yen, which had hit its lowest point since the yen-buying intervention at the end of July at around 160 yen, has now appreciated by more than 1 yen. Bank of Japan Governor Ueda and U.S. Treasury Secretary Bescent me…
On the New York foreign exchange market on the 2nd, the yen rose against the dollar, briefly reaching 158.21 yen to the dollar. While expectations of further interest rate hikes by the Bank of Japan strengthened, US indicators showing slowing employment dampened expectations of US interest rate hikes, leading to a dominant trend of selling dollars and buying yen. The rise in US long-term interest rates also paused, but the dollar…
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