Yen Falls to Low 156s as Bets on Additional US Rate Hikes Grow

The story

The yen fell to the low 156s against the dollar. Dollar buying prevailed among market participants, and the yen’s downward trend became more pronounced.

Expectations of additional US rate hikes have been cited as a factor behind the move. Reports described the situation as one in which another increase in policy rates was once again being priced in.

The article provides a link to the full text on an external page, based primarily on Kyodo News and other sources.

At a glance

Euro-dollar levelFell to the low 156-yen range

EventThe yen fell

BackgroundReportedly driven by expectations of additional US rate hikes

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