INSUBCONTINENT EXCLUSIVE:
Minister Fumio Kishida further fueled the rise of the yen.This led to the yen reaching a four-month high against the dollar, briefly
touching the 143 level in New York.This meeting and Deputy Gov
rates.The dollar index faced pressure from the rising yen, which climbed nearly 2% to its strongest point in three months.The euro also
experienced a significant weekly fall, influenced by interest rate expectations and caution before the United States non-farm payrolls
report.The European Central Bank (ECB) prepares for its final meeting of 2023, while the United States Federal Reserve is expected to hold
rates steady in its upcoming meeting.Futures markets show a 60% chance of a Fed rate cut by March.This situation highlights the global
has surged, marking its long-standing monetary policy shift
Traditionally, Japan used negative interest rates to fight deflation.This policy weakened the yen, affecting imports and trade
This move responds to global trends and domestic economic pressures.The rise of the yen shows its sensitivity to policy changes
