Japanese Yen Benefited from U.S. Dollar Weakness

<p><img width="612" height="408" src="https://www.actionforex.com/wp-content/uploads/2020/03/f-jpy129.jpg" class="attachment-post-thumbnail size-post-thumbnail wp-post-image" alt="" decoding="async" loading="lazy" srcset="https://www.actionforex.com/wp-content/uploads/2020/03/f-jpy129.jpg 612w, https://www.actionforex.com/wp-content/uploads/2020/03/f-jpy129-600×400.jpg 600w" sizes="(max-width: 612px) 100vw, 612px" /></p>
<p>The Japanese yen rose over 149.000, reaching its highest level in over five weeks, driven by overall weakness in the U.S. dollar. Now, the market doesn’t expect rate hikes from the Federal Reserve. Expectations shifted towards a more dovish policy by the regulator, so investors believe rate cuts will come in May 2024. Possible effects […]</p>
<p>The post <a href="https://www.actionforex.com/contributors/fundamental-analysis/528142-japanese-yen-benefited-from-u-s-dollar-weakness/">Japanese Yen Benefited from U.S. Dollar Weakness</a> appeared first on <a href="https://www.actionforex.com">Action Forex</a>.</p>