3 days ago
Yen Outperforms Peers After Bessent Suggests Narrowing Rate Gap
The yen outperformed all of its major peers on Thursday morning after US Treasury Secretary Scott Bessent made comments suggesting the Federal Reserve and Bank of Japan adjust their policy rates.
Japan's currency strengthened as much as 0.7% to 146.38 against the dollar. The move comes after Bessent urged the Fed to lower rates by 150 basis points or more, and said the BOJ is falling behind the curve in addressing inflation.
