💨 Abstract

The article discusses the strengthening of the US dollar against other major currencies, including the Japanese yen, due to expectations of higher US interest rates. The US Federal Reserve has indicated a cautious approach to further cuts, while the Bank of Japan remains cautious amid uncertainty over US president-elect Donald Trump's economic policies. The yen hovered near a five-month low, with Japanese officials warning about excessive moves in the currency market.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖