On the 18th, the yen weakened against the dollar in the Tokyo foreign exchange market, briefly falling to the upper ¥157 range per dollar. This was the weakest yen and strongest dollar level in about two weeks. The move was reportedly driven by a retreat in expectations for a Bank of Japan rate hike.
On the 18th, the yen weakened against the dollar in the Tokyo foreign exchange market, falling to the upper ¥157 range per dollar.
The yen reached its weakest level and the dollar its strongest in about two weeks, with the market showing signs of yen weakness.
The article explains that the yen weakened after expectations for a Bank of Japan rate hike receded.