The dollar fell 0.28% to 146.66 yen, after falling to 146.54 yen, close to Friday’s five-week low of 146.48 yen.
He japanese yen It continues to rise on Monday, as an upward revision to Japan’s growth figures reinforces investors’ bets that interest rates could rise this month. At the same time, the bitcoin reaches a new all-time high above $71,600.
The dollar It lost 0.28% to 146.66 yen, after falling to 146.54 yen, close to the five-week low reached on Friday, of 146.48 yen. A growing number of Bank of Japan policymakers are weighing the idea of ending negative rates at their March 18-19 meeting, sources tell Reuters, amid expectations of sharp pay rises at Japan’s largest companies. .
Simultaneously, an upward revision to Japan’s economic growth in the latest quarter means the country avoided a technical recession, bolstering the argument that the economy could weather the storm of tighter policy.
“On the sidelines, the upward revision to GDP growth in the fourth quarter has made market players more confident that the Bank of Japan will soon abandon its current loose monetary policy,” Lee Hardman, chief executive officer, said in a note to clients. currency analyst at the Japanese bank MUFG.
Dollar vs. other currencies
The dollar index operates with little change at 102.69 units, not far from the nearly two-month low of 102.33 hit on Fridaywhen monthly payroll figures showed a cooling of the US labor market, which keeps the Federal Reserve on the path of relaxing monetary policy.
The euro is trading flat at $1.0941, after touching $1.0980 on Friday for the first time since January 12, and the pound is down slightly at $1.2844, after reaching its highest level since Friday. end of July, at $1.2890.
Source: Ambito
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