Reported 6 days ago
The dollar rose against the yen after Bank of Japan Governor Kazuo Ueda signaled potential policy tightening but did not specify a timeline for interest rate hikes. This led to a 54% chance pricing for a quarter-point increase at the BOJ's next meeting while the dollar index remains strong, reflecting optimism about U.S. economic performance despite market uncertainties surrounding future Federal Reserve actions and upcoming inflation reports.
Source: YAHOO