Dollar briefly falls into 152 yen zone amid BOJ rate hike speculation
TOKYO (Kyodo9 -- The U.S. dollar briefly fell into the 152 yen range in Tokyo on Tuesday morning, the first time since February, amid speculation that
On Tuesday morning, the U.S. dollar dipped into the 152 yen range in Tokyo for the first time since February, as speculation swirled around a possible rate hike from the Bank of Japan. By noon, the dollar had strengthened to 153.35-36 yen, marking a 2 yen drop from the previous day. The euro held steady at $1.1624-1624, while the yen depreciated against the greenback, pressured by mounting expectations of a U.S. rate hike following stronger-than-expected nonfarm payrolls.
Japan's central bank faced pressure to raise interest rates, with U.S. Treasury Secretary Scott Bessent urging action to curb the yen's decline. Despite concerns about export earnings, Tokyo stocks were mixed in the morning, with the Nikkei Stock Average edging up 0.07 percent to 66,445.13. The broader Topix index fell 0.58 percent to 4,102.05.
However, fears of a sharper yen's impact on profits and a surge in oil prices above $90 per barrel added to the bearish sentiment.
Written by urgent.news from The Mainichi's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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