The Japanese yen jumped 2.08% against the U.S. dollar during Thursday's late evening session, reaching 155.47 per dollar as traders ramped up interest rate hike bets.
Yen Surges on Bank of Japan Rate Hike Bets
The Japanese yen jumped significantly against the U.S. dollar as traders increased bets on an upcoming Bank of Japan interest rate hike. Meanwhile, the dollar weakened following comments from Federal Reserve Governor Christopher Waller regarding steady rates.
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