Reported about 10 hours ago
The yen has strengthened beyond the psychological barrier of 140 per dollar as investors look for safer alternatives amidst rising concerns regarding US assets and potential Federal Reserve actions. This increase, attributed to market reactions to President Trump's trade policies and speculation about Fed Chairman Jerome Powell's future, positioned the yen as the leading performer among major currencies. Traders are now closely monitoring a significant upcoming meeting between US and Japanese finance officials, which could further influence currency trends.
Source: YAHOO