empty
 
 

18.08.202502:33:45UTC+00Japanese Yen Slips as Dollar Rises

The yen declined to approximately 147.5 against the dollar on Monday, as the U.S. dollar strengthened prior to an important meeting in Washington. This meeting, involving U.S. President Donald Trump and Ukrainian President Volodymyr Zelenskiy, is intended to progress a peace agreement with Russia. Investors are also focusing on insights from the Federal Reserve’s upcoming annual Jackson Hole symposium, anticipating guidance on the global interest rate trajectory. In Japan, recent data released on Friday indicated a stronger-than-expected economic expansion in the second quarter, driven primarily by net exports despite the adverse effects of U.S. tariffs. Meanwhile, Japanese officials minimized the significance of comments made by U.S. Treasury Secretary Scott Bessent, who criticized the Bank of Japan as lagging behind in policy adjustments, seemingly to pressure the central bank into increasing rates. Bank of Japan Governor Kazuo Ueda has maintained a prudent approach, highlighting that "underlying inflation" remains below the 2% target.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $6000 more!
    In December we raffle $6000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback