Yen extends gains on hawkish repricing of Japan rate expectations
The yen extended gains, rising sharply after a prior-session burst higher. Traders attributed the move to a hawkish repricing of domestic rate expectations rather than 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 sharply to a high of 157…