Japanese Yen regains positive traction amid rising BoJ rate hike bets

Japanese Yen strengthens to near 155.00 amid BoJ rate hike bets

The USD/JPY pair loses traction to around 155.10 during the early Asian session on Tuesday.  The Japanese Yen (JPY) edges higher against the US Dollar (USD) amid the expectation that the Bank of Japan (BoJ) will raise interest rates at the upcoming policy meeting on Friday.

Japanese Yen Spikes as BoJ Signals Higher Interest Rates

The Japanese Yen had a strong start to the week, and it’s getting some attention. The Bank of Japan now looks to be inching closer to raising interest rates, which has bolstered confidence in the currency. Business sentiment in Japan is recovering as well, so that adds additional fuel. In addition, right now, global investors are a little […] The post Japanese Yen Spikes as BoJ Revised Higher Rate Outlook appeared first on XtremeMarkets.

Japanese Yen regains positive traction amid rising BoJ rate hike bets

The post Japanese Yen regains positive traction amid rising BoJ rate hike bets appeared on BitcoinEthereumNews.com. The Japanese Yen (JPY) attracts fresh buyers at the start of a new week as traders keenly await the highly-anticipated Bank of Japan (BoJ) rate decision on Friday. Market expectations for an imminent BoJ rate hike in December have risen recently amid a shift in rhetoric from Governor Kazuo Ueda. Moreover, inflation in Japan remains…