Exchange rate refers to the value of one currency in relation to another. It is the price at which one currency can be exchanged for another. Exchange rates are determined by a variety of factors, including supply and demand for each currency, economic and political conditions in each country, interest rates, inflation rates, and other factors.
The Japanese yen (JPY) pared strong intraday gains against the US dollar (USD) and helped USD/JPY recover from sub-141.00 levels, or the lowest levels since late July hit earlier this…
