By Brigid Riley TOKYO (Reuters) - The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a hawkish ...
By Brigid Riley TOKYO - The dollar hit fresh peaks on Thursday, sitting around its highest against the yen since November after a hawkish pause by the U.S. Federal Reserve. Sterling,By Brigid Riley
The Fed met market expectations at its monetary policy meeting on Wednesday, holding interest rates steady at the 5.25% - 5.50% range. The index climbed for its ninth straight week last week, its longest winning streak in nearly a decade as resilient U.S. growth fueled a rebound in the dollar. Even as dollar/yen slips back toward levels seen at the end of last year, the possibility of the Bank of Japan tightening policy at Friday's meeting remains slim.
"Together with Japanese officials’ warnings, the risk of a FX intervention by the BOJ continues to rise in our view."
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