Money and business
The yen declines against the dollar after the Bank of Japan stabilizes interest rates
Undo in front of The day after took a less hawkish tone than investors expected, while the US currency rose after Federal Reserve Chairman Jerome Powell said yesterday, Wednesday, that cutting interest rates in December is not a given.
The Bank of Japan left interest rates unchanged, and the bank’s governor, Kazuo Ueda, sent the strongest indications yet of the possibility of raising interest rates in December, depending on wage expectations for next year.
Dollar index
And the dollar index advanced. (0.38%) during the day, recording (99.51) points, and reaching (99.72) points, which is its highest level since August 1.
The dollar rose against the Japanese currency (0.9%) to (154.08) yen, which is the highest level since February (13).
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