Yen Near Five-Month Low as BOJ Weighs Future Rate Hikes Against Fed’s Hawkish Stance
The Japanese yen hovered near a five-month low of 157.725 per dollar on Friday, reflecting the stark contrast between the Federal Reserve’s hawkish tone and the Bank of Japan’s (BOJ) cautious approach to monetary policy tightening. Key Developments in Japan The U.S. Federal Reserve has maintained a hawkish tone, with Chair Jerome Powell stating that […]