Yen rises to six-month high vs dollar on BOJ rate-hike bets
The yen extended its surge against the dollar, reaching a fresh six-month high as markets price faster interest-rate increases by the Bank of Japan and potential investment inflows into Japanese assets.
The yen extended its recent climb against the dollar, supported by expectations that the Bank of Japan will raise interest rates faster and by the prospect of investment inflows into Japanese assets. The Japanese currency strengthened to a fresh six-month high again.