The yen weakened past 147.2 per dollar on Thursday, pulling back from a two-month high after the US Federal Reserve's latest policy move boosted the greenback. The Fed delivered a quarter-point rate cut as expected but signaled just one reduction in 2026, tempering bets on a deeper easing cycle. Meanwhile, the Bank of Japan began its two-day policy meeting, with markets expecting rates to remain unchanged as officials weigh the potential hit from US tariffs on Japan's export-driven economy.
Powered by Capital Market - Live News