TOKYO -- The yen's recent gains against the dollar are accelerating, with the Japanese currency hitting its highest point since mid-September on speculation that the U.S. Federal Reserve will cut rates.
Currencies
Yen gains momentum on speculation Fed will cut rates
Strategist says smaller rate gap between U.S. and Japan sparks yen buying
The yen is beginning to strengthen again against the U.S. dollar. (Photo by Tsuyoshi Tamehiro)
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