Forex
Dollar Surges Against Yen After BoJ Rate Hike, Hits Two-Week High
The US dollar strengthened across major currencies on Friday, hitting a two-week high against the Japanese yen after the Bank of Japan's interest rate hike.
The greenback surged 1.2% to 157.897 yen, its largest daily gain since December and biggest weekly advance since September 2024, according to CNBC.
The dollar index rose 1.4% over the week to its highest level in six weeks, following the US Federal Reserve's interest rate increase on Wednesday.