Rating bets to boost the US dollar yen hit a 24 -year low

Sino -Singapore Jingwei, September 1st. On the 1st foreign exchange market, the yen exchange rate once fell to nearly $ 1,39.40 yen, and the yen depreciated to the low point since September 1998.

According to Reuters, the US dollar rose generally on Thursday, especially against the Japanese yen. It is expected that the fixed Japanese interest rate will not rise in the short term because investors are prepared for interest rate hikes in the United States.

The expectation of 75 basis points in the United States at the Federal Reserve conference next month is rising. Federal fund futures point out that the possibility of interest rate hikes is 73%.

"USD/yen should exceed 140 before the September (the Federal Reserve Conference). It seems that we don't have to wait too long," said Sean Callow, a foreign exchange strategist in the West Pacific Bank in Sydney.

At the same time, as the clouds cover the British economy, the pound fell about 0.4%to 1.1576 US dollars. The euro fell 0.3%, but it was stable above $ 1.0022, which caused European interest rate hike betting due to hot inflation.

Reuters reported that the US dollar index rose 0.12%to 108.99 in the early trading of Asia, which was not far from the two -year high of 109.48 touched on Monday.

"There is more room for the US dollar, partly because we believe that the market underestimates how high the Fed can take," said CAPURSO of CBA.

US Treasury yields have increased accordingly. The two -year US Treasury yield rose to 3.516%, the highest level since the end of 2007, and the expected expectations of federal funds at the end gradually approached 4%. (Zhongxin Jingwei APP)

- END -