10/2, 4:15 AM (Source: TeleTrader)
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US dollar climbs to fresh 11-month high against yen

The American dollar rallied against the Japanese yen, propelling the greenback to its highest value versus the Japanese currency in a little over eleven months as investors anticipated the latest report on the US manufacturing sector.

The data, which is set to be published after the opening bell on Wall Street on Monday, could provide a clearer picture of the United States' current economic state in the face of tight monetary policy. Federal Reserve Chair Jerome Powell is also expected to deliver remarks potentially giving more cues on the direction of the central bank's monetary policy going forward.

The dollar rose 0.28% against the yen, trading at ¥149.7725 at 10:15 pm ET.

Baha Breaking News (BBN) / AB