Yen extends gains on hawkish repricing of Japanese rate expectations
The yen extended gains after a prior-session burst higher as traders pointed to a hawkish repricing of domestic rate expectations rather than attributing the move to Japanese authorities.
By Rae WeeThe yen extended gains on Thursday after a sudden burst higher in the previous session, though traders stopped short of attributing the move to Japanese authorities and instead pointed to a hawkish repricing of domestic rate expectations.The yen FX_IDC:USDJPY rose to an intraday peak of 1…