Yen Rallies as Dollar Wobbles Ahead of Fed Meeting
The yen rose as bets on the dollar pulled back ahead of next week’s central bank meetings, where hawkish rate holds are expected.
The yen jumped on Thursday as the latest beneficiary of a pullback in bets on the dollar, ahead of a slew of central bank meetings next week where hawkish holds are expected on rates.The currency market has been long the dollar on the assumption the AI boom keeps the US economy humming and strong g…