Business
Yen Climbs to Six-Month High as Rate Outlooks Shift
The yen’s U-turn continued Monday in Asia, with the currency strengthening to a more than six-month high against the dollar as the greenback softened in holiday-thinned trade.
The yen rose to its strongest intraday level since late February, extending a recovery that gathered momentum last week as markets became more convinced that the Bank of Japan is preparing to raise interest rates. The dollar was last 1.2% lower at 154.38 yen after touching 154.04 earlier.
Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
You must be logged in to post a comment Login