Reported 12 days ago
The U.S. dollar rose sharply towards a two-year high as the Federal Reserve indicated a slower path for rate cuts, while the Japanese yen fell after the Bank of Japan kept interest rates unchanged, providing little guidance on future policy. The yen dropped past the 156-per-dollar mark for the first time in a month, reflecting uncertainty about Japan's monetary outlook amid a more aggressive Fed. Concurrently, other currencies like the Swiss franc and Canadian dollar also reached significant lows against the dollar.
Source: YAHOO