The yen was also affected by a slight inclination towards riskier currencies such as the British pound and the Australian dollar., which left the dollar index up marginally at 94.228, though not far from the one-year high of 94.504 hit earlier this month.
With Japanese government bond rates firmly anchored and the Bank of Japan keeping policy frozen, expectations of a Fed phasing announcement should soon push US Treasury yields higher, favoring ranges. higher between the dollar and the yen, said Roberto Cobo García of BBVA.
The strategist added that he expects the Fed to make an announcement in November to gradually reduce its debt purchases.
The yen has also been affected by the continued rally in oil, given that Japan is a net oil importer, said Joel Kruger, a currency strategist at LMAX, adding that the currency was also affected by the divergence of monetary policy between the Bank of Japan and its peers. driving a growing performance differential.
The US currency and bond markets are closed on Monday for a holiday.
The euro weakened to $ 1.1575 after falling to $ 1.1529 on Wednesday, its lowest level since July last year.
Bitcoin gained 3.5% to a new five-month high of $ 57,092, extending gains made over the weekend, while Ether was up 5%.
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
