Dollar hits 7-month high above 141 yen on diverging U.S., Japan rates

The U.S. dollar rose to a seven-month high above the 141 yen line Thursday in Tokyo, after a hawkish forecast by the U.S. Federal Reserve fanned speculation that the interest rate gap between Japan and the United States will widen.The dollar firmed further in the afternoon, hitting a high of 141.50 yen, after the Fed on Wednesday signaled interest rate increases following a pause at its latest meeting.The euro also rose, hitting a 15-year high around the 153 yen line, its highest level since September 2008, dealers said. The European Central Bank is expected to further raise interest rates …READ FULL ARTICLE