The Japan News on Nostr: Dollar Up: Yen Edges Lower after Japanese Finance Minister Comments ========== The ...
Dollar Up: Yen Edges Lower after Japanese Finance Minister Comments
==========
The dollar rose on Tuesday as traders waited on a fresh catalyst to give clues on Federal Reserve policy, while the yen slipped after Japan’s finance minister said that he would not rule out any measures to cope with the weakening currency. Investors are grappling with whether the U.S. central bank will cut interest rates three times this year, as is currently expected, if inflation remains elevated and economic growth stays strong. The dollar index gained 0.06% to 104.28, while the euro fell 0.05% to $1.0831. The yen dipped 0.09% to 151.52, reversing earlier gains, as verbal intervention by Japanese officials continued. Japanese Finance Minister Shunichi Suzuki said on Tuesday that “rapid currency moves are undesirable.” That came after Japan’s top currency diplomat Masato Kanda on Monday warned against speculators trying to sell off the yen.
#Dollar #Yen #JapaneseFinanceMinister #FederalReserve #InterestRates #Inflation #EconomicGrowth #CurrencyExchangeRates
https://japannews.yomiuri.co.jp/news-services/reuters/20240327-176927/
==========
The dollar rose on Tuesday as traders waited on a fresh catalyst to give clues on Federal Reserve policy, while the yen slipped after Japan’s finance minister said that he would not rule out any measures to cope with the weakening currency. Investors are grappling with whether the U.S. central bank will cut interest rates three times this year, as is currently expected, if inflation remains elevated and economic growth stays strong. The dollar index gained 0.06% to 104.28, while the euro fell 0.05% to $1.0831. The yen dipped 0.09% to 151.52, reversing earlier gains, as verbal intervention by Japanese officials continued. Japanese Finance Minister Shunichi Suzuki said on Tuesday that “rapid currency moves are undesirable.” That came after Japan’s top currency diplomat Masato Kanda on Monday warned against speculators trying to sell off the yen.
#Dollar #Yen #JapaneseFinanceMinister #FederalReserve #InterestRates #Inflation #EconomicGrowth #CurrencyExchangeRates
https://japannews.yomiuri.co.jp/news-services/reuters/20240327-176927/