US dollar scales fresh two-decade peak to yen, BOJ targets yields

From brecorder.com

The dollar climbed to a fresh two-decade peak to the yen on Wednesday, buoyed by more Federal Reserve officials pushing for sizeable interest rate hikes, while the Bank of Japan stepped into the market again to defend its ultra-low rate policy. The greenback reached 129.43 yen for the first time since April 2002 before last trading 0.3% higher at 129.295. Minneapolis Fed President Neel Kashkari, among the more dovish Federal Open Market Committee members, said on Tuesday that if global supply chain disruptions persist, policymakers will need to take even more aggressive action to bring down inflation. Earlier, ... (full story)