Market News
Dollar extends gains vs yen as traders await US jobs report - REUTERS
Summary
- Dollar/yen hits highest since January
- Japan's Katayama says new government closely monitoring markets
- Dollar strengthens against major currencies as traders await payrolls data
NEW YORK, Nov 19 (Reuters) - The dollar strengthened against the yen on Wednesday and the Japanese currency fell to a 10-month low, while Finance Minister Satsuki Katayama declared that Japan's new government was closely monitoring markets "with a high sense of urgency."
Japanese government ministers including Katayama met Bank of Japan Governor Kazuo Ueda on Wednesday. The yen fell after Katayama's comments.
The currency has been falling on market expectations that Prime Minister Sanae Takaichi's new administration will deliver a huge spending package backed by low interest rates.
