Business5d ago
Yen Hits Two-Week Low as Dollar Strength and Hormuz Standoff Squeeze Japan's Currency
The Japanese yen slid to a two-week low against the US dollar on Wednesday, extending a rough start to the week as investors piled into the American currency ahead of key US inflation data. The dollar climbed to ¥159.46, its highest level since July 31, while the standoff over the Strait of Hormuz kept safe-haven demand for the greenback alive.