Yen reportedly under pressure from firm dollar as central banks turn hawkish
Reuters reporting shared by a user via Mint put the yen at 157.33 per dollar early on September 22, as traders bet Japan would struggle to keep pace with other central banks' shift toward tighter policy.
TLDR
The yen faced pressure from a firm U.S. dollar and Japan's wide interest-rate gap with major peers, according to a Reuters report shared by a user via Mint on September 22. Reuters said a Japanese holiday and the risk of intervention kept currency moves contained. The report cited Nikkei reporting that Japan had checked dollar/yen rates on September 18—a step Reuters described as often preceding market intervention.
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