The yen strengthened in Tokyo trading on the 4th, with the dollar rising to the low ¥155s. The move is reportedly attributed to expectations that the Bank of Japan will accelerate the pace of its rate hikes.
The yen strengthened further in Tokyo foreign exchange trading on the 4th, with the dollar rising to the low ¥155s.
Reports say expectations that the Bank of Japan will accelerate the pace of its rate hikes are spreading in the market.
Information that yen buying and dollar selling had intensified was reported, and the exchange rate temporarily reached a new level.