Asia FX firms as rate cut bets dent dollar; yen rises on BOJ rate hike speculation By Investing.com
Investing.com-- Most Asian currencies firmed on Thursday, with the Japanese yen in the lead as the dollar was pressured by markets pricing in an interest rate cut by the Federal Reserve in September. The yen was boosted by increased speculation over a rate hike by the , after U.S. Treasury Secretary Scott Bessent warned that the BOJ was falling behind in its efforts to curb inflation. Broader Asian markets benefited from improving risk appetite and a softer dollar, as markets priced in an almost 100% chance the Fed will cut rates...
