Reported about 1 month ago
The Japanese yen gained more than 1% against the dollar on Wednesday, reaching a peak of 143.76 per dollar, as signs of a cooling US labor market heightened expectations for more aggressive interest rate cuts by the Federal Reserve. This surge came after US job openings dropped to their lowest since 2021, fueling a broader rally in bonds and benefiting safe-haven currencies like the yen, especially amid hawkish comments from the Bank of Japan.
Source: YAHOO