Markets are watching the yen's volatility against the U.S. dollar as BOJ policy members meet for the last time this year. (Nikkei montage/Source photos by Satoko Kawasaki)

Yen reverses downtrend as policy rates of BOJ and Fed set to move closer

Shift in foreign exchange market sends Japan Inc. scrambling

MITSURU OBE, Nikkei Asia chief business news correspondent

December 18, 2023 06:00 JST

TOKYO -- For Japanese exporters, the foreign exchange market looks totally different from a month ago.

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