Reported 3 months ago
The yen has achieved its largest monthly gain since 2022, rising about 5% against the dollar in July as investors brace for potential interest rate hikes by the Bank of Japan. Japanese bond yields also increased, reflecting the market's speculation on a rate increase to around 0.25%. Despite this surge, the yen remains down roughly 7.5% for the year. Market participants are closely watching the BOJ's upcoming policy announcement and whether it will implement changes to its bond purchasing strategy.
Source: YAHOO