Dollar nears seven-month low against yen as oil tops $100
The dollar traded near a seven-month low against the yen as oil prices surged past $100 per barrel amid escalating Middle East conflicts. Investors also prepared for upcoming central bank policy decisions from the Federal Reserve and Bank of Japan.
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The USD/JPY fell 0.4% to 153.40 on Wednesday as United States oil prices topped $100 per barrel. The currency move reflects escalating Middle East tensions and shifting central bank expectations. Investors are repositioning portfolios ahead of upcoming policy decisions from the Federal Reserve and the Bank of Japan.
