Reported about 10 hours ago
The yen strengthened significantly as Bank of Japan Governor Kazuo Ueda aligned with Deputy Governor Ryozo Himino to indicate the likelihood of an interest rate hike during the upcoming meeting. Following Ueda's comments at a recent event, market expectations increased for a potential hike, pushing the yen to a one-week high against the dollar. This comes amidst rising confidence in wage growth which could influence the central bank's decisions.
Source: YAHOO