USD/JPY surpasses 145 for first time in 24 years

2022-09-22 08:38:35 GMT (Economies.com)
USD/JPY surpasses 145 for first time in 24 years

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%
 
 
Live Forex Updates