While he settled down euro After falling to its lowest level in a year late last week.
Governor confirmed Bank of JapanKazuo Ueda, said that interest rates will continue to rise gradually if the economy develops in line with the central bank’s expectations.
But he did not indicate whether interest rates would be raised in December, saying that the Bank… Japan He will need to pay attention to various risks, including the US economy.
Price movements
The dollar rose against the Japanese currency by 0.51 percent, reaching 154.95 yen, after hitting its lowest level on Friday at 153.86.
The dollar fell late last week after Japanese Finance Minister Katsunobu Kato warned the market of possible intervention if the yen fell too much and too quickly.
Against a basket of six major currencies, the dollar settled at 106.7, after touching its highest level in a year at 107.07 on Friday.
The index rose 1.6 percent last week, recording gains for six weeks over the past seven weeks.
The euro rose slightly to $1.0547, although it remained uncomfortably close to its lowest level in a year of $1.0496 hit on Thursday.
And cause a win Trump In the elections, the euro fell, as traders expected the possibility of customs duties being imposed on… European Union China, Europe’s main trading partner.
Investors and analysts began to talk about the possibility of a drop to the parity level, where the euro would be equal to one dollar.
And he suffered sterling The dollar has also been under strength recently, as it has fallen by about 2.5 percent since the elections, but it stabilized today, Monday, at $1.2619.
Markets are awaiting economic data from… UK andJapan andCanada On inflation data, while manufacturing surveys to be released late in the week will provide evidence of market sentiment since the US elections.
