💨 Abstract

The dollar strengthened against the yen on Monday after Bank of Japan Governor Kazuo Ueda indicated further monetary tightening is likely, though he did not specify the timing of any rate hike. The market is pricing a 54% chance of a quarter-point hike at the BOJ's Dec. 19 meeting. The dollar index fell slightly, while the euro rose against the greenback.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖