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USD/JPY surpasses 145 for first time in 24 years
2022-09-22 08:38:35 GMT
(Economies.com)
Yen extended its losses against dollar on Thursday, trading below 145 for the first time in 24 years as the Bank of Japan held on to its ultra-easy monetary policies to support the economy.
US 10-year treasury yields are now trading near 11-year highs after the Federal Reserve's decision to hike interest rates by 75 basis points to 3.25%, the highest since 2008.
As US yields surged, dollar gained gained ground against yen as the yields gap between the US and Japan widens.
USD/JPY rose 1.3% today to 145.90, the highest since August 1998, with a session-low at 143.50.
| Symbol | Last | Change | Chg.% | ||
|---|---|---|---|---|---|
|
|
|
0.9802
|
0.0147
|
1.5193%
|
|
|
|
|
1.1165
|
0.0345
|
3.1856%
|
|
|
|
|
19.049
|
0.190
|
1.008%
|
|
|
|
|
80.050
|
0.756
|
0.953%
|
|
|
|
|
87.96
|
-0.53
|
0.60%
|
|
|
|
|
1664.495
|
19.135
|
1.163%
|
|
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