The yen temporarily fell against a backdrop of growing expectations for a US rate hike, with dollar-yen weakening to 160.03 yen. The article focuses on this move.
The yen weakened in the foreign exchange market against a backdrop of expectations that a US rate hike had become more likely. Dollar-yen temporarily fell to 160.03 yen.
The renewed strengthening of the outlook for higher US interest rates was cited as a factor behind the yen's decline. The article focuses on this point.