To use this site, please disable the ad blocking feature and reload the page.
This website uses cookies to collect information about your visit for purposes such as showing you personalized ads and content, and analyzing our website traffic. By clicking “Accept all,” you will allow the use of these cookies.
Users accessing this site from EEA countries and UK are unable to view this site without your consent. We apologize for any inconvenience caused.
Reuters file photo Euro, Hong Kong dollar, U.S. dollar, Japanese yen, British pound and Chinese 100-yuan banknotes are seen in a picture illustration.
Jiji Press
17:41 JST, September 16, 2024
Sydney (Jiji Press)—The dollar briefly slipped below ¥140 to hit its lowest levels since July last year in Asian trading Monday.
While the Tokyo market was closed for a national holiday, selling against the yen picked up its pace in other Asian markets amid emerging speculation that the Federal Reserve may decide on a major interest rate cut in its two-day Federal Open Market Committee meeting through Wednesday, traders said.
Market attention was also focused on the Bank of Japan’s policy-setting meeting that will run for two days through Friday. “With an eye also on the BOJ’s possible policy change, the yen drew buybacks,” a Japanese bank official said.
