Japanese Yen Falls To Its Lowest Since 1998 As Fed Hike Impact Spreads

Author : Dhowcruise
Publish Date : 2022-06-13 00:00:00


Japanese Yen Falls To Its Lowest Since 1998 As Fed Hike Impact Spreads

The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.

The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to raise interest rates to curtail inflation will remain in focus this week. The Federal Reserve and the Bank of England are expected to raise rates at their meetings and there is a chance the Swiss National Bank will do the same. Little change is expected from the BOJ, however, which said on Monday it would buy 500 billion yen ($3.70 billion) of Japanese government bonds on Tuesday as part of its policy to keep benchmark 10-year yields within 0.25 percentage points of its 0 per cent target.The yen tumbled to its lowest against the dollar in 24 years on Monday, as the gap between Japanese and US benchmark yields widened after red hot US inflation data drove Treasury yields higher. The dollar rose as high as 135.22 yen, its highest since October 1998, having gained for each of the past seven sessions, as the policy divergence between hawkish central banks overseas and the dovish Bank of Japan (BOJ) becomes ever more apparent. Central banks' efforts to rai



Category :travel

Ukraine Conflict Will Affect Specific Products Exports, Says Government: Report

Ukraine Conflict Will Affect Specific Products Exports, Says Government: Report

- Exports of specific products - pharmaceuticals, telecom instruments, tea, coffee, and marine are likely to be affected due to


Sky Mavis Offers Up to $1 Million in Bug Bounty After Losing $625 Million in Major Hack

Sky Mavis Offers Up to $1 Million in Bug Bounty After Losing $625 Million in Major Hack

- Sky Mavis, the developer studio of popular NFT game Axie Infinity, is ramping up efforts to secure its networks


Australia Bumps Up Investment In EV Chargers, Shuns Sales Targets

Australia Bumps Up Investment In EV Chargers, Shuns Sales Targets

- The additional investment, which adds to an existing A$72 million commitment and will be spent by the end of June 2025, will also aid purchases


16-Year-Old Boy Kills Little Brother In Fight Over Game On Phone: Cops

16-Year-Old Boy Kills Little Brother In Fight Over Game On Phone: Cops

- On learning about the incident from the family, the police rushed to the spot and retrieved the victims body from the well