The Japanese yen has ended the year on a high note as the US dollar index (DXY) sell-off has gained steam. The USD/JPY exchange rate retreated to a low of 141.75 on Friday, its lowest point since August and much lower than the YTD high of 151.80. The USD/JPY pair will be the key currency exchange rate to watch in 2024 as investors continue watching the actions of the Bank of Japan (BoJ). The bank maintained a relatively dovish tone in 2023 even as other central banks hiked interest rates. In the US, the Federal Reserve hiked rates to their highest point in over two decades. Similarly, the European Central Bank (ECB) ... (full story)