Greenback hits two-month low vs. yen

Greenback hits two-month low vs. yen

On Thursday, the evergreen buck hit a two-month minimum against the Japanese yen, having dropped after the minutes of the Fed’s latest gathering disclosed that some Fed policymakers were really concerned about constantly low inflation.

The US currency dipped to 111.07 yen, which is its weakest value since September 18. Later, the greenback came off that minimum and last traded at 111.29 yen, gaining 0.1% on the day.

On Thursday, trading conditions turned to be thinner than usual, with Japanese financial markets unavailable due to a public holiday. As for American markets, they’re going to be closed for the upcoming Thanksgiving holiday.

The US currency nursed its losses having lost almost 1.1% versus the Japanese yen on Wednesday, which is its greatest one-day sag since mid-May.

As a matter of fact, the minutes of the Fed's October 31-November 1 policy gathering issued on Wednesday revealed that Fed policymakers expect that interest rates should be lifted in the nearer future. It definitely backed market expectations that the major US bank will have interest rates increased already in December.


The US NFP Update: What to Wait for?
The US NFP Update: What to Wait for?

The US Bureau of Labor Statistics will announce average hourly earnings, nonfarm employment change (NFP), and the unemployment rate on May 6, at 15:30 MT time.

Latest news

Can the UK CPI surprise?
Can the UK CPI surprise?

The UK Office for National Statistics will publish Consumer Price Index (CPI) data on Wednesday, May 18, at 09:00 MT.

The US Retail Sales Update
The US Retail Sales Update

The US Census Bureau will announce Core Retail Sales and Retail Sales on Tuesday, May 17 at 15:30 MT.

Deposit with your local payment systems

Be on top of your game

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.


A manager will call you shortly.

Change number

Your request is accepted.

A manager will call you shortly.

Next callback request for this phone number
will be available in

If you have an urgent issue please contact us via
Live chat

Internal error. Please try again later

Don’t waste your time – keep track of how NFP affects the US dollar and profit!

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

Beginner Forex book

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

You are using an older version of your browser.

Update it to the latest version or try another one for a safer, more comfortable and productive trading experience.

Safari Chrome Firefox Opera