Reported about 6 hours ago
The yen strengthened against the dollar on Tuesday, marking itself as the only G-10 currency to do so, as traders anticipated a potential rate hike from the Bank of Japan (BOJ) despite Donald Trump's tariff announcements. The Japanese currency appreciated to 154.78, buoyed by a 92% chance of an interest rate increase at the BOJ's upcoming meeting. Economists have also expressed a high likelihood of a rate hike, with expectations rising following recent comments from BOJ Governor Kazuo Ueda.
Source: YAHOO