💨 Abstract

The article reports that the Japanese yen reached its lowest level in nearly two months on Monday, due to a dollar rally sparked by strong U.S. jobs data and Middle East conflict escalation. The dollar's gains came after a U.S. jobs report showing a resilient economy, and markets reducing pricing for Federal Reserve rate cuts. The yen's underperformance was also attributed to comments from Japan's new prime minister that rate hikes are further away.

Courtesy: theprint.in