Yen jumps to seven-month high as rate-tightening bets grow
The yen surged to a seven-month high as traders reassessed its outlook. The move followed expectations of faster Bank of Japan tightening and bets that Japanese investors may repatriate funds.
The yen surged to a seven-month high on Monday as traders reassessed the currency’s outlook, with expectations building that the Bank of Japan could tighten policy faster and that Japanese investors may repatriate funds. S. in…