Reported 26 days ago
The Japanese yen has surged to its strongest level of the year against the US dollar, driven by expectations of both a potential interest rate cut from the Federal Reserve next week and additional rate hikes by the Bank of Japan later this year. As of Friday, the yen gained as much as 1.1%, reaching 140.29 per dollar. Analysts predict the Fed may reduce rates by half a point while also hinting at possible tightening from Japan's monetary authorities.
Source: YAHOO