Yen soars as Bank of Japan tipped to raise interest rates
- The Japanese yen has soared by more than 1.7% against the dollar amid speculation the Bank of Japan is set to raise interest rates.
- The latest jump on Thursday lifted the yen to its highest level against the dollar in a month, at 155.85, and followed a 0.9% move the previous day.
- Global markets remain jittery after this week’s dramatic government bond sell-off – sparked by fears of a fresh inflation increase as a result of higher oil prices.
Unverified
- The Japanese yen has soared by more than 1.7% against the dollar amid speculation the Bank of Japan is set to raise interest rates.
- The latest jump on Thursday lifted the yen to its highest level against the dollar in a month, at 155.85, and followed a 0.9% move the previous day.
- Global markets remain jittery after this week’s dramatic government bond sell-off – sparked by fears of a fresh inflation increase as a result of higher oil prices.
Sources: Guardian