The yen weakens to the 155 range against the U.S. dollar in London, hitting a fresh 34-year low, amid expectations the Federal Reserve will keep interest rates elevated for longer than projected.
The U.S. dollar strengthens past 150 yen in New York for the first time since November, amid expectations the interest rate differential between Japan and the United States could remain wide for longer.
The U.S. dollar briefly rises above the 150 yen line in London trading amid renewed expectations of further interest rate hikes by the Federal Reserve.
The U.S. dollar briefly rose above the 150 yen line in New York trading, reaching a level not seen since October 2022 amid expectations that the Federal Reserve will likely keep interest rates high for a prolonged period.