The dollar fell below ¥140 in Asian trading on Monday, reaching its lowest levels since July of last year. While the Tokyo market was closed for a national holiday, selling against the yen increased in other Asian markets due to speculation that the Federal Reserve may announce a significant interest rate cut during its two-day Federal Open Market Committee meeting this week. Traders noted that market attention was also focused on the Bank of Japan’s policy-setting meeting, which will take place over two days. A Japanese bank official stated that with potential changes to the BOJ’s policies in mind, there was an increase in buying back of yen.
#latestNews
John Paulson dismisses concerns over Donald Trump’s tariff plan
September 20, 2024 | 17 mins ago10-Year-Old Japanese Pupil Dies After Being Stabbed Near School in China
September 20, 2024 | 2 hours agoAugust Sees Surge in Foreign Visitors to Japan; Hotel Companies Expand with New Properties
September 20, 2024 | 2 hours agoDon Johnson Reflects on Fame in the 1980s: Constant Security Measures
September 20, 2024 | 2 hours agoBarca’s Player Ratings in First Defeat under Hansi Flick
September 20, 2024 | 3 hours agoRanking the top 10 wings in the NBA: Zion Williamson included, Jayson Tatum excels in statistics
September 20, 2024 | 4 hours agoIndian Ambassador Aims for Stronger Economic Ties, Foresees Synergy from Combining Nations’ Strengths
September 20, 2024 | 4 hours agoHyogo Governor Saito Confronts Decision Following No-Confidence Motion by Prefectural Assembly; Misconduct Claims Prompt Action
September 20, 2024 | 4 hours agoPortugal Declares State of Calamity Amid Uncontrolled Wildfires
September 20, 2024 | 4 hours agoWill EA Sports FC 25 be available on PlayStation 4
September 20, 2024 | 6 hours ago