The Japanese yen fell to as low as 132.60 yen per dollar on Tuesday, its lowest level since April 2002, as market participants anticipated a further widening interest rate gap between the United States and Japan. The dollar was buoyed by the 10-year Treasury yield’s rise to 3.05 percent for the first time in nearly…
Japan’s Central Bank Renews Powerful Easing Pledge After Hawkish Fed Signal
TOKYO—The Bank of Japan must maintain ultra-loose monetary policy as recent cost-push inflation could hurt the economy, Governor Haruhiko Kuroda said on Tuesday, highlighting a widening gap with the U.S. Federal Reserve’s aggressive tightening plan. The central bank’s increasingly isolated dovish stance helped push the yen below 120 to the dollar on Tuesday for the…
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