TOKYO : The U.S. dollar hovered near a 7-1/2-month high against the Japanese yen after the heads of the respective central banks reaffirmed the stark divergence in their policy paths at a European Central Bank conference overnight.Federal Reserve Chair Jerome Powell - speaking on a panel with ECB Presiden
TOKYO : The U.S. dollar hovered near a 7-1/2-month high against the Japanese yen after the heads of the respective central banks reaffirmed the stark divergence in their policy paths at a European Central Bank conference overnight.
The dollar's surge of as much as 11.55 per cent since late March to reach 144.62 yen on Wednesday for the first time since Nov. 10 has prompted increased verbal warnings from Japanese government officials this week that the move may have been too rapid. The U.S. dollar index - which measures the currency against six major peers, including the yen, euro and sterling - was little changed at 102.94, after climbing 0.46 per cent overnight.
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