Yen hovers near 5-month low as BOJ's cautious stance weighs

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TOKYO : The yen hovered near a five-month low to the dollar on Friday as the U.S.

Federal Reserve's hawkish messaging contrasted with the Bank of Japan's cautious approach to further policy tightening.The yen traded at 157.725 per dollar as of 0030 GMT, edging up 0.

Inflation data for Tokyo in December, also released Friday, was supportive of further rate hikes.

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Category: EconomyBusiness

Markets: SingaporeJapanSouth Korea

Topics: Friday Bank Tokyo Japan Officials Currency Dollar Rate Month Cent December

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-12-27 @ 09:41:30 (19 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 543 words

Reading Time: 4 minutes read

Sentences: 22 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © Channel News Asia

News ID: 24684235

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