We're now in a new month, so it's time to take a peek at how the U.S. dollar is faring in Japan.
Although Japan Rail has hiked their JR Rail Pass prices by 70% yesterday, but at least the dollar is going gangbusters to start off the month in Tokyo foreign exchange.
Reuters reported.
LONDON, Oct 2 (Reuters) - The dollar was in the ascendant on Monday on the prospects that U.S. interest rates would stay higher for longer, while the yen slid towards 150 per dollar and near a one-year low, putting traders on watch for intervention from Japanese authorities.
The yen eased to 149.83 per dollar, its weakest in more than 11 months, moving ever closer to the 150 mark that some traders believe could prompt intervention by Tokyo to support the currency.
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