Yen soars as Bank of Japan tipped to raise interest rates

The Japanese yen surged nearly 2 % against the U.S. dollar, reaching 155.57 per dollar—the strongest level in a month—after a 0.9 % rise the day before. Market participants are speculating that the Bank of Japan may soon hike rates, a move that could further strengthen the yen. Despite the yen’s rally, global equity markets remain uneasy, reflecting broader uncertainty over monetary policy shifts worldwide. The jump underscores the yen’s role as a safe‑haven currency amid ongoing economic jitters.

Jump lifts currency to highest level against dollar in a month, while global markets remain jitteryBusiness live – latest updatesThe Japanese yen has soared by nearly 2% against the dollar amid speculation the Bank of Japan is set to raise interest rates.The latest jump on Thursday lifted the yen to its highest level against the dollar in a month, at 155.57, and followed a 0.9% move the previous day. Continue reading...