We Provide the Best Dollar Tips/ News| Dollar News Posted By https://www.mcxtradingworld.com/. First Earn Profit Then Join Service. Keep In Touch:-9760916659,8979570233
Asia FX extends new year gains, Japanese yen surges to 7-mth high.
Most Asian currencies rose on Tuesday, extending gains as markets bet on slower interest rate hikes and a weaker dollar this year, with the Japanese yen surging to a six-month high on expectations of tighter monetary policy.
The yen jumped 0.7% and was the best-performing currency in Asia, hitting a seven-month high of 129.74 against the dollar. The currency has been on a tear since early-December, when the Bank of Japan unexpectedly struck a more hawkish tone than markets were expecting, which ramped up expectations that it could tighten its ultra-loose policy in 2023.
