💨 Abstract

The yen strengthened against the U.S. dollar on Thursday, reaching an eight-week high, following comments from a Bank of Japan policy board member advocating for continued interest-rate hikes. The dollar remained near its lowest level since the start of last week against a basket of peers, with investors optimistic about a potential avoidance of a global trade war.

Courtesy: theprint.in

Summarized by Einstein Beta 🤖