Yen sinks as dollar rises to 20-year high
FT News Briefing
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Examining Currency Fluctuations Amid U.S. Rate Hikes
This chapter examines the effects of Federal Reserve interest rate hikes on currency strength, highlighting the U.S. dollar's surge to a 20-year high against the yen. It contrasts U.S. monetary policy with Japan's approach, which remains anchored to low interest rates despite global inflation pressures.
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