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Yen firms on euro, dollar as rate outlooks diverge
short by / on Thursday, 30 January, 2025
The yen made broad gains on Thursday as Japan appears set to continue raising interest rates while others are cutting theirs. The European Central Bank is expected to deliver another round of easing today. The yen led the Asian markets, with the dollar falling 0.5% to 154.43 and the euro dropping to 160.96. The euro remained flat at $1.0423 after testing support at $1.0380.