TOKYO -- The Japanese yen fell against the U.S. dollar on Monday, temporarily hitting 145.22, the weakest level since November 2022. The yen's depreciation is a response to expectations that the Bank of Japan will maintain its accommodative monetary policy for the moment despite tweaks last month, giving investors incentives to sell the currency.
Currencies
Yen falls past 145 per dollar to weakest level this year
Market expects BOJ's monetary policy to remain easy despite tweaks last month
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Japan intervened in currency markets last September when the dollar rose past 145 yen, and traders now expect officials to start warning of intervention soon. © Reuters
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