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YEN Hits 7-Month High as BOJ Rate Hike Bets Strengthen

Published by
Qadir AK

The Japanese yen climbed to a seven-month high against the U.S. dollar, strengthening 1.14% to 154.42 as markets increased bets on a Bank of Japan rate hike. Markets are pricing in about a 75% chance of a hike at the September 17-18 meeting. The stronger yen could pressure carry trades and increase volatility across global stocks and bonds. Japanese authorities are also watching currency moves closely after recent intervention efforts.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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