The Japanese yen has seen a notable increase against the US dollar, expanding its gains amid a weakening dollar. The yen surged by 1% to reach 140.72, marking its highest level since September of last year. This rise comes as reports indicate that the finance ministers of Japan and the United States are set to meet this week.
The pressure on the dollar intensified recently as discussions emerged around former President Trump's contemplation of ways to potentially remove Federal Reserve Chairman Jerome Powell. This speculation has contributed to the dollar's decline, further aiding the yen's upward trajectory.
