Japanese Yen Surges on BOJ Rate Hikes and Intervention Fears
The Japanese yen strengthened sharply, reaching a one-month high against the U.S. dollar as traders weighed the possibility of further Japanese currency intervention against rising expectations for Bank of Japan rate hikes, according to LSEG data cited by CNBC. The currency jumped more than 1% against the greenback, at one point touching 156.15 per dollar, … Read more