USD/JPY at Six Year High Near 109 on Fed

Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve’s outlook for rising rates underlined the diverging path between the United states and the rest of the rich world.

In other regional share markets, the reception was mixed, with MSCI’s index of ex-Japan Asian shares falling to 12-week lows, on the spectre of rising U.S. rates and slower economic growth in China.

Still, with the Fed renewing its pledge to keep interest rates near zero for a considerable time, European shares are expected to open firmer. Spreadbetters see both Britain’s FTSE .FTSE and France’s CAC40 .FCHI rising 0.2 percent.

Reuters

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