Dollar Hits Fresh 10-month Highs above ¥148.40
11:55 JST, September 22, 2023
TOKYO (Jiji Press) — The dollar hit fresh 10-month highs above ¥148.40 in Tokyo trading Thursday, propelled by speculation that the U.S. Federal Reserve’s interest rate hike campaign will continue for the foreseeable future.
The greenback then slightly cut its gains to stand at ¥148.25-26 at 5 p.m., still up from ¥148.13-14 at the same time Wednesday. The euro was at $1.0654-0655, down from $1.0689-0690, and at ¥157.97-98, down from ¥158.36-37.
The dollar hit the highs in the morning, carrying over its strength in overseas trading following the Fed’s two-day Federal Open Market Committee meeting through Wednesday. Many market participants viewed the Fed’s stance as hawkish.
"Business" POPULAR ARTICLE
-
China Struggles to Develop Passenger Jet to Rival Boeing, Airbus; Russian Cooperation Falls
-
JR East Eyes Freight-Only Cars for Shinkasen Trains as Japan Logistics Industry Suffers from Labor Shortage
-
JR East Employee in His 70s Earns Doctorate on Safe Train Operations; Believes Accidents Caused by Human Error Can Be Reduced
-
Japanese Cosmetics Firms Competing with South Korean Brands over Inexpensive Products; South Korean Brands Dominating Market Through Social Media
-
Japanese Automakers Team Up on Software Development; Aim to Compete with U.S., China in SDV Market
JN ACCESS RANKING
- Harris Widens Lead over Trump to 47%-40%, Reuters/Ipsos Poll Finds
- Japan-S. Korea Exchange Festival Held in Seoul
- Japan Trying to Draw Digital Nomads, Who Are Seen as Beneficial to Economy, Society
- JICA Employee Suspected of Leaking Info on ODA Project in Manila; Bidding for Railway Renovation May Have Been Impacted
- Asukayama Monorail in Tokyo: Free to Ride!