Yen weakens after BOJ holds rates steady, Fed boosts dollar

The Bank of Japan's cautious stance on interest rates led to a sharp drop in the Japanese yen, while the U.S. dollar surged after Federal Reserve Chair Jerome Powell hinted at a potential December rate hike. The European Central Bank maintained its interest rate, keeping the euro low, and the British pound fell as expectations of a rate cut grew. Meanwhile, bitcoin experienced a significant drop in value.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.