The Japanese yen strengthened significantly against the US dollar on Thursday, jumping more than 2% amid growing speculation that the Bank of Japan will raise interest rates. The currency reached its highest level in a month, trading at 155.57 per dollar.
This latest gain follows a 0.9% increase recorded the previous day, contributing to ongoing volatility across global markets. Investors remain jittery as expectations mount that the central bank is preparing to adjust its monetary policy stance.
Finally some good news for the yen! Hope the BoJ keeps this momentum going.
One month high is just the start. I wonder if the dollar will fight back soon?