Dollar rises to 118 yen for 1st time since Jan. 2017

Economy

The U.S. dollar rose against the yen during early European trading on Monday, reaching the 118 yen line for the first time since January 2017. The U.S. currency was supported by expectations that the U.S. Federal Reserve will decide on an interest rate hike at a two-day meeting through Wednesday, while the Bank of Japan is widely expected to leave its easing policy unchanged at a two-day meeting through Friday. "While the Federal Reserve Board will most likely begin raising interest rates at its policy meeting this week, Japan is not yet expected to normalize its monetary policy," said Takuya ...

Kyodo News

Kyodo News