Yen rises to 150, erasing losses from post-election Trump trades

Investors still expect a December rate cut from Fed after U.S. inflation data

20241128 yen 150

Markets are pricing in a 65% chance of a Fed rate cut in December and a 58% chance of one happening in January, according to CME's FedWatch tool. (Photo by Mayumi Tsumita)

LISA KIM, Nikkei staff writer

TOKYO -- The Japanese yen appreciated to the upper 150 level to the dollar overnight Thursday, clawing back losses from Donald Trump's return to power.

The currency passed the 151 mark for the first time since Oct. 22 after last month's U.S. consumer spending accelerated slightly more than expected.

Sponsored Content

About Sponsored ContentThis content was commissioned by Nikkei's Global Business Bureau.