Yen Slumps Amid Fed Rate Hike Bets
The Japanese Yen has been struggling in recent days as investors bet on a Federal Reserve rate hike, causing US yields to rise.
This has led to a strengthening of the US Dollar against major currencies like the Yen. As a result, the Yen's value has decreased by around 0.5% against the USD.
The move is being attributed to expectations that the Fed will raise interest rates in an effort to combat inflation and stabilize the economy.