The Japanese yen weakened to around 154 per dollar on Wednesday, hitting its lowest level in 14 weeks as the dollar and US Treasury yields surged after former President Donald Trump took an early lead against Vice President Kamala Harris in the US presidential race.
The results have unfolded largely as expected, with the outcome now hinged on seven key swing states. Domestically, minutes from the Bank of Japan's most recent meeting revealed that board members were in broad agreement on continuing to raise interest rates, as inflation and economic conditions align with the central bank's goals.
However, they also noted that global economic uncertainties and volatility in financial markets will likely influence future policy decisions. At the same time, a private survey showed that sentiment among Japanese manufacturers weakened in November, driven by concerns over softening Chinese demand and ongoing inflationary pressures.
Source : Trading Economics
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