Business | Feb 14

Yen Falls to Three-Month Low, Breaking 150 Mark

TOKYO, Feb 14 (News On Japan) - The yen weakened to the mid-150s against the dollar in the foreign exchange market, reaching a level last seen in November, approximately three months ago.

The recent announcement of the U.S. consumer price index, which exceeded market expectations, has led to a scaling back of expectations for interest rate cuts by the Federal Reserve (FRB). This shift has highlighted the interest rate differential between Japan and the U.S., prompting a move away from the yen and towards the dollar.

Source: TBS

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