Yen briefly rises to the low 158 range against the dollar as BOJ rate-hike expectations grow
Translated from Japanese and summarized by DistantNews. Read the original for the full story.
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- The yen briefly strengthened to the low 158 range against the U.S. dollar in New York trading.
- The move came as market expectations grew that the Bank of Japan could speed up its rate hikes.
The yen briefly strengthened to the low 158 range against the dollar in the New York foreign-exchange market.
Trading saw a sharp move to sell dollars and buy yen as expectations grew that the Bank of Japan might accelerate the pace of its interest-rate increases.
About this summary
Originally published by NHK in Japanese. Translated, summarized, and contextualized automatically by DistantNews, with a note on how the source frames the story. Not individually reviewed before publishing. How this works.
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