Yen nears 155 against dollar on BOJ rate hike speculation During a rate check, a government or central bank asks financial institutions to quote an exchange rate but does not buy or sell.
Japan's top currency diplomat Atsushi Mimura said on Thursday that he remained on alert over currency market developments, warning that he was not yet comfortable with recent moves in the yen.
Yen strength on Thursday has also been gradual, unlike in previous periods of intervention, said analysts at Goldman Sachs.
And, "spillovers from the Yen move to Dollar weakness on other pairs have been more muted today versus those prior episodes," they said.
Hawkish comments from BOJ board member Hajime Takata were cited as a factor behind yen strength. Takata said on Wednesday the central bank should conduct interest rate hikes nimbly to counter intensifying inflationary pressures, rather than adhere to a fixed semiannual pace anticipated by markets. https://www.asahi.com/ajw/articles/16862359
The Asahi Shimbun
Yen nears 155 against dollar on BOJ rate hike speculation | The Asahi Shimbun Asia & Japan Watch
NEW YORK—The yen jumped by more than 2% against the U.S. dollar on Thursday as traders ramped up bets on a Bank of Japan interest rate hike, while analysts pointed to BOJ data showing no official intervention behind the currency's strong gains on Wednesday.
2September 4, 2026 2.7K 1
