688 days ago • Posted by Ajmir Omid
Dollar-yen hits 132.60, 2-decade high #usdjpy #fed #boj #ryields
Rising bond yields are boosting the dollar's strength, sending the rate-sensitive Japanese yen to a 20-year low of 132.60 per dollar, levels that previously had been highlighted as an intervention territory by the Bank of Japan. Another reason behind the weakness of the yen is the rising risk of a slowdown in the global economic growth, which will hurt large exporters such as Japan, leaving the domestic currency vulnerable. Traders will be closely watching how the pair would trade near the next key resistance level of 135 per dollar.
