Shinichi Tamura

Jul 24, 2024 | asia.nikkei.com | Genki Ikuta |Takahisa Tamura |Shinichi Tamura

TOKYO -- Downward pressure on the yen is easing as more investors reverse their bets against the currency, expecting the gap between Japanese and U.S. interest rates to start narrowing later this year. The yen reached the 153 range against the dollar on Wednesday afternoon, its strongest level since mid-May. The Japanese currency has also been trending up against the euro and the pound since Monday afternoon.