The Japanese currency weakened below 140 yen against the dollar in New York on Thursday, reaching a 24-year low.
Traders are speculating that the US Federal Reserve will decide on another sharp interest rate hike in September to curb soaring inflation, widening the rate gap between Japan and the US.
The prospect is encouraging them to sell the yen and buy the dollar.
Traders are speculating that the US Federal Reserve will decide on another sharp interest rate hike in September to curb soaring inflation, widening the rate gap between Japan and the US.
The prospect is encouraging them to sell the yen and buy the dollar.
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Summary
Japanese Yen weakened below 140 against USD in New York on Thursday, marking a 24-year low. This is due to speculation about another significant interest rate hike by the US Federal Reserve in September to combat inflation, widening the interest rate gap between Japan and the U.S. Traders are
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ID: 63114248-3824-4405-b785-5a53c0a80b98
Category ID: nhk
URL: https://www3.nhk.or.jp/nhkworld/en/news/20220902_02/
Date: Sept. 2, 2022
Created: 2022/09/02 08:37
Updated: 2025/12/09 13:57
Last Read: 2022/09/02 08:37