Yen Strengthens Above 150 Against Dollar, Hits 4-Month High as USD/JPY Falls Below 149

The Japanese yen has strengthened significantly against the U.S. dollar, rising above 150.00 for the first time in over four months. This increase is attributed to a global risk-off sentiment and growing expectations for further interest rate hikes by the Bank of Japan. As a result, the USD/JPY exchange rate has fallen below 149. Analysts note that concerns regarding the U.S. economy have contributed to this trend, with the yen appreciating over 1 yen against the dollar amid uncertainty about future economic conditions in the United States. The yen's rise reflects a broader shift in market sentiment, prompting investors to seek safer assets.