The US Dollar (USD) climbs against the Japanese Yen (JPY) late in the North American session, gaining 0.28%, though it remains shy of testing the 150.
US Dollar advances against the Japanese Yen, buoyed by rising US Treasury yields and a hawkish Federal Reserve, but fears of Japanese intervention cap gains
In the meantime, Federal Reserve officials remained hawkish on Monday. Fed Governor Michelle Bowman favors an additional rate increase in the thesis that inflation is too high and that elevatedThe data front showed that business activity, although showing signs of recovery, remains at contractionary territory, with the ISM remaining below the 50 expansion/contraction threshold at 49.8, up from 47.9 in August.
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