I am shocked at the lack of commentary about the Bank of Japan meeting next week and how that affects the markets. The Bank of Japan’s decision came out on Wednesday (late Tuesday US time) and the forex market is screaming that the risks around it are rising. There have been persistent reports that the … Read more
Foreign exchange rates fell against the greenback on Tuesday, with the US dollar climbing to a two-week high as rising US Treasury yields boosted the dollar, pushing the Japanese yen to its lowest level against the dollar in two decades. Foreign exchange rates today, Tuesday, 7-6-2022 yen The yen fell to a 20-year low of … Read more
The Japanese yen fell against a basket of currencies that included the US dollar. The Japanese yen fell to its lowest level against the greenback since 2002, to be traded at 126 yen per US dollar. The Japanese yen fell against the US dollar over the course of 2022 by more than 9.5%, and the … Read more