Yen rises above 140 per US dollar for first time since 2023, ahead of Fed rate decision

Quick Summary:

Investors are positioning for a further narrowing of the interest-rate gap between the US and Japan.

A decision by the Bank of Japan (BOJ) to begin moving away from years of ultra-low rates has also added to the unit’s strength.

Against the Singapore dollar, the yen was trading at 108.1575 at 1.05pm Singapore time, up 0.3 per cent from its Sept 13 close.

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Article Details

Category: EconomyBusiness

Markets: SingaporeJapanUnited States

Topics: July Cent Dollar Rates Hike Central Policy Currency Soared Sept Markets

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-16 @ 13:34:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: straitstimes.com

Language: English

Article Length: 505 words

Reading Time: 3 minutes read

Sentences: 21 lines

Sentence Length: 25 words per sentence (average)

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Copyright Owner: © The Straits Times

News ID: 22528075

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