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USD/JPY Slides as Treasury Chief Bessent Teases Imminent BOJ Rate Hike

Reuters Read original source (opens in a new tab)
The Story

News Summary

  • U.S.
  • Treasury Secretary Scott Bessent signaled that the Bank of Japan will likely raise interest rates in September to strengthen the yen.
  • His remarks reinforced market expectations of aggressive BOJ policy tightening, putting downward pressure on USD/JPY.
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USDJPY price history

153.42 -2.18% over the displayed period

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