Japanese Yen rallies to one-month high against dollar on growing speculation of Bank of Japan rate hike

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Japanese Yen rallies to one-month high against dollar on growing speculation of Bank of Japan rate hike

⚡ Markets: A BoJ hike would strengthen the JPY, potentially triggering a significant unwinding of the Yen carry trade, which could cause volatility across global asset classes. Bullish for JPY, bearish for Japanese equities.USDJPYNikkei 225EURJPY

The Japanese Yen surged over 2% against the US dollar, reaching its strongest level in a month, as traders increased bets that the Bank of Japan is preparing to raise interest rates. The move was amplified by broad US dollar weakness following dovish comments from a Fed official.

West MSM 1Financial press 6Google Non-West 3Regional 14 countries

11 sources across the spectrum

West MSMThe Guardian — Yen soars as Bank of Japan tipped to raise interest rates

Financial pressWall Street Journal — Japanese Yen Extends Gains Versus Weaker U.S. Dollar

Financial pressNikkei Asia — Yen rallies sharply as markets raise bets on BOJ rate hikes

Financial pressNikkei Asia — Yen hits 1-month high of 155 to dollar on BOJ rate hike speculation

Financial pressBloomberg — Yen Rallies as Intervention Risk Weighs on Minds of Wary Traders

Google Non-WestGoogle News (Japan) — ＮＹ外為市場＝円急伸、一時155円台前半ＦＲＢ理事発言でドル下げ幅拡大

Google Non-WestGoogle News (Japan) — 米国株上昇、利上げ観測後退で利回り低下－円は155円30銭台まで上昇

RegionalJapan Times — Yen stages dramatic rally, and Japanese bonds strengthen

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