The US dollar has strengthened against the Japanese yen, surpassing the 150 yen mark, as the outlook for interest rates in the United States and Japan diverges.
The divergence in interest rate expectations between the two countries has contributed to the dollar's firming against the yen. The US Federal Reserve is expected to continue raising interest rates to combat inflation and support economic growth, while the Bank of Japan is maintaining its ultra-loose monetary policy to stimulate the Japanese economy.
