Dollar near 6-month high, Yen dips

Yen fell on Friday after the Bank of Japan maintained its ultra-loose monetary policy, while the dollar remained near its highest level in six months amid expectations that interest rates will remain high for a longer period in the United States.

According to Reuters, the Japanese currency fell by approximately 0.4% against the dollar after the Bank of Japan maintained interest rates at very low levels, as well as its guidance on low interest rates in the future, despite the statement of the bank’s governor, Kazuo Ueda, earlier this month that the Bank of Japan He may have enough data before the end of the year to determine whether negative interest rates can be ended

The yen fell to its lowest level in ten months in the previous session due to the rise in US Treasury bond yields

The dollar rose against a basket of currencies by 0.11% to 105.51, a level not far from its highest level in 6 months, which it recorded in the previous session at 105.74.

Euro fell 0.13% to $1.0649, after falling to a 6-month low of $1.0617 in the previous session.

British pound also fell 0.15% to $1.22765, after falling to its lowest level in almost 6 months at $1.22305 yesterday, Thursday, after the Bank of England halted a long series of interest rate increases.