© Reuters. Japanese yen and US dollar banknotes in a photo from the Reuters archive.
LONDON/SINGAPORE (Reuters) – The yen rose against the yen for a fourth straight session on Tuesday, with investors anticipating the possibility that the Bank of Japan will tighten monetary policy next year while the Federal Reserve (US central bank) will ease it.
The dollar reached its lowest level since mid-September at 147.16 yen, and recorded in its latest transactions a decline of 0.61 percent to 147.45.
On a broader scale, the dollar index, which measures the performance of the US currency against six major currencies, fell to its lowest levels since the end of August to 103.17, and in its latest transactions fell 0.13 percent to 103.32.
It rose to its highest level since mid-August to $1.0966 on Tuesday and rose slightly in its most recent transactions to $1.0944.
The pound increased 0.2 percent to $1.253 after reaching a two-month high of $1.254.
It also rose to the highest level in four months to 7.13 against the dollar.
(Prepared by Marwa Salam for the Arabic Bulletin – Edited by Ayman Saad Muslim)
2023-11-21 10:32:00
#yen #rises #dollar #declines #traders #await #interest #rate #fluctuations #Reuters
