Japanese yen hits six-week high after hot inflation reading drives rate increase bets
Speculation that the Bank of Japan was headed for a December interest rate increase after a hot inflation reading drove the yen to a six-week high on Friday. The dollar hit a session low of 149.56 against the yen USDJPY, and was last 1% lower at 150.09 yen. That’s as the Nikkei 225 index JP:NIK closed around 0.3% weaker at 38,208 on Friday.
Japanese Yen Surges on Bets for More BOJ Interest-Rate Hikes
The Japanese yen rose to a six-week high against the dollar Friday. While trading was thin because of the Black Friday holiday in the U.S., the moves are still worth watching after volatility in the Asian currency sparked market turmoil earlier this year.
Japanese Yen bulls retain control near multi-week top amid growing BoJ rate hike bets
The Japanese Yen rallied as a stronger Tokyo CPI lifted December BoJ rate hike bets. Geopolitical risks, trade war fears and depressed US bond yields also benefit the JPY. The USD hits a fresh two-week low and contributes to the USD/JPY pair's downfall.
Martin Schulz of Fujitsu discusses the outlook for the Japanese yen amid looming tariff threats from U.S. President-elect ...
The yen briefly breached the key level of 150 against the dollar as traders positioned for a stronger likelihood of the Bank ...
Explore what to expect with the USD/JPY exchange rate as it retreats sharply in the past few days? We explain what to expect ...
A hotter-than-expected inflation reading from Japan on Friday increased expectations for an interest-rate hike in the country, sending the yen to a six-week high. The dollar sank to as low as 149.56 ...
The dollar-yen pair dropped to the 150 level on Friday morning, marking a 1% decline during the session and extending its ...
Tokyo Core CPI, a key inflation indicator which excludes fresh food and energy, rose 2.2% in November, above market ...
As Japan’s services PMI tops 50 and inflation stirs debate, USD/JPY slips below 153. US Personal Income & Outlays data holds ...
The yen weakened against other G-10 and Asian currencies in the morning session on likely position adjustments by market participants after the Japanese currency’s recent rally.
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