Reported 11 months ago
The US dollar had a positive week against the Japanese yen as the Bank of Japan maintains low interest rates, and the Federal Reserve's policies continue to attract traders. Despite occasional interventions, the yen is still weak, and traders are focused on the US dollar due to inflation concerns in the United States. Other Asian currencies like the Singapore dollar, Thai baht, Chinese yuan, and Korean won are also struggling against the greenback. If the USD/JPY pair breaks above 160 yen, it would be a significant test for the market.
Source: YAHOO