Yen rises to ¥156 per dollar on Bank of Japan rate-hike expectations, appreciating by more than ¥3 to a level not seen since 7 August

The story

Expectations for a Bank of Japan rate hike were priced in, pushing the yen to the ¥156-per-dollar range. The yen continues to be watched as a factor in assessing future monetary policy.

The exchange rate reached approximately ¥156 per dollar, with the yen's appreciation exceeding ¥3. This move marked a level not seen since 7 August, or in about a month.

At a glance

Exchange rateThe dollar rose to the ¥156 range

ChangeThe yen appreciated by more than ¥3

TimingA level not seen in about a month, since 7 August

Background factorsThe move is attributed to expectations of a Bank of Japan rate hike

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