The Japanese yen moved toward its strongest weekly performance in nearly fifteen months after gaining close to three percent, driven by renewed investor confidence following Prime Minister Sanae Takaichi’s election victory. Moreover, the rally surprised many traders who had expected political uncertainty to weaken the currency instead of strengthening it. Against the US dollar, the […]
forex markets
Dollar hits two-week high as global trade talks and Fed decision loom
TOKYO — The U.S. dollar climbed to its highest level in more than two weeks against the yen on Monday, kicking off a busy week dominated by high-stakes trade meetings and central bank decisions. The greenback rose 0.2% to 153.12 yen, its strongest since October 10, as investors braced for a packed agenda of global […]
Yen Set for Steepest Weekly Drop in a Year as Rate Hike Hopes Fade
SINGAPORE – The Japanese yen steadied on Friday but was on track for its steepest weekly drop in a year, as fading hopes for a near-term rate hike weighed on the currency. Meanwhile, the euro hovered near two-month lows amid France’s deepening political crisis, boosting the U.S. dollar to a one-year high. The yen inched […]