US dollar falls to ¥139 amid Fed rate cut expectations and Bank of Japan hike speculation.
On Monday, the US dollar fell to ¥139, its lowest since July 2023, amid rising expectations of a half-point interest rate cut by the Federal Reserve later this month. This decline occurred while Japanese markets were closed for a national holiday and was further influenced by positive remarks from Bank of Japan officials regarding potential interest rate hikes. The Fed's policy meeting is scheduled to begin Tuesday, followed by the BOJ's meeting on Thursday.
September 16, 2024
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