Reported 1 day ago
The yen is trading near a five-month low against the U.S. dollar, affected by the contrasting hawkish tone of the Federal Reserve and the Bank of Japan's cautious stance. As traders remain watchful of wage trends and the upcoming U.S. administration's policies, the yen was at 157.725 per dollar, slightly up from its earlier low of 158.09. While some BOJ officials express optimism about potential near-term rate hikes, uncertainty prevails, contributing to volatility in currency markets.
Source: YAHOO