The yen rose to the mid-154 yen level against the dollar, with Mr. Besent nominated as the next U.S. Treasury Secretary.
November 25, 2024 7:41 JST (excerpt)
In the Tokyo foreign exchange market in the morning of the 25th, the yen exchange rate was in the 154 yen per dollar range in the first half, rising from the previous weekend evening. It has been dominated by dollar selling and yen buying due to the announcement that President-elect Trump will nominate Mr. Besent, who is considered to emphasize fiscal discipline, as the next Treasury Secretary, with expectations of inflation control in the USA.
In the Tokyo foreign exchange market in the morning of the 25th, the yen exchange rate was in the 154 yen per dollar range in the first half, rising from the previous weekend evening. It has been dominated by dollar selling and yen buying due to the announcement that President-elect Trump will nominate Mr. Besent, who is considered to emphasize fiscal discipline, as the next Treasury Secretary, with expectations of inflation control in the USA.
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