The yen rose to a three-week high against the dollar on Monday as Federal Reserve Chair Jerome Powell's emphatic dovish shift contrasted sharply with Bank of...
The yen rose to a three-week high against the dollar on Monday as Fed eral Reserve Chair Jerome Powell 's emphatic dovish shift contrasted sharply with Bank of Japan chief Kazuo Ueda 's steadfastly hawkish tone. It also sagged closer to levels last seen in March 2022 versus sterling, with Bank of England head Andrew Bailey's comments that it was "too early to declare victory" over inflation signaling a less aggressive stance on interest rate cuts than the Fed .
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