Japanese yen hits 14-month high against USD
USD/JPY exchange rate sees 140 level first time since July 2023
ISTANBUL
The yen on Monday advanced past the level of 140 against the US dollar, its strongest level since July 2023.
At 5 p.m., the dollar fetched 139.87-88 yen.
The yen had weakened to 160 against the greenback in June.
The Bank of Japan will make an interest rate decision on Friday. It is expected to keep its short-term policy rate target unchanged at 0.25%, having increased rates twice already this year.
Japanese financial markets were closed due to a national holiday.