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Yen Touches Two-Month Low Amid Policy Divergence
Tuesday, 25 September 2018 10:50 WIB | CURRENCIES | Yen

The yen dropped to a two-month low against the dollar as a looming Federal Reserve interest-rate increase this week contrasts with the Bank of Japan's reluctance to wind back stimulus.

Japan's currency headed for a fourth day of losses, while the Bloomberg Dollar Spot Index edged higher along with Treasury yields.

The Fed will raise its benchmark for a third time this year on Wednesday and update its dot plot projections for policy rates.

USD/JPY rose less than 0.1% to 112.83 after climbing to 112.98, highest since July 19.

AUD/USD falls 0.1% to 0.7242; NZD/USD drops 0.2% to 0.6634.

Source: Bloomberg

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