The dollar/yen pair tumbled about 1.0% to 149.96 after Japanese data raised expectations of a December rate hike from the Bank of Japan.

The USD/JPY price analysis shows a strengthening yen amid safe-haven demand and increasing Bank of Japan rate cut expectations.

The yen briefly strengthened past the level of ¥150 against the US dollar on Friday, as hotter than expected inflation readings fuelled more bets that the Bank of Japan will raise interest rates in December.

The yen climbed on Friday to its highest level in about a month against the U.S. dollar on speculation that the Bank of Japan would raise interest rates at its next monetary policy meeting. The Japanese currency at one point rose nearly 2 yen from the previous day to a level just above the 150 range for the first time since late October after the