2024-02-20T08:08:01+00:00
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/ The US dollar rose on Tuesday, settling above 150 Japanese yen, on expectations of higher US interest rates for a longer period amid a recession in Japan and doubts in the markets about Tokyo ending its monetary easing policy soon.
The dollar rose 0.2 percent to 150.42 yen, having already topped the key 150 yen level for six straight sessions, prompting warnings from Japanese officials in an effort to keep the currency stable.
The euro fell 0.1 percent to $1.0768, while the pound fell 0.13 percent to $1.25795.
The yen rose 0.1 percent on the day to 150.08 per dollar, but is still down about 6 percent for the year.
The dollar index, which measures the performance of the US currency against six major currencies, rose 0.8 percent to 104.37.