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  • Yahoo Finance Video

    Yen rallies on Bank of Japan teasing potential rate hikes

    The Bank of Japan might be set to exit from ultra-low interest rates. Traders are now pricing in a potential rate hike in December, which could have implications beyond Japan. Yahoo Finance’s Jared Blikre takes a deep dive into this rate hike and what this decision may hold in store for Japan's currency. For more expert insight and the latest market action, click here to watch this full episode of Yahoo Finance Live.

  • Bloomberg

    Yen Extends Rally to Second Day as Traders Bet on Early BOJ Hike

    (Bloomberg) -- The rally in the yen spilled over into a second day as traders wagered that the Bank of Japan will scrap the world’s last negative interest-rate regime much sooner than previously thought.Most Read from BloombergCarlyle’s Rubenstein Is in Talks to Acquire Baltimore OriolesElon Musk's SpaceX Valued at $175 Billion or More in Tender OfferWall Street’s AI Craze Drives Nasdaq 100 Up 1.5%: Markets WrapHarvard, Penn Heads Walk Back Genocide Answers After BacklashApple Readies New iPads

  • Reuters

    Yen soars, Nikkei slides as rate hikes loom over Japan

    Japanese markets were reeling on Friday, with the Nikkei heading for its biggest weekly drop since October, bonds battered and the yen surging toward its largest weekly gain for five months as investors rushed out of bets on Japanese rates staying low. Beyond Japan MSCI's broadest index of Asia-Pacific shares ex Japan rose 0.5% and Treasuries sold slightly. Bank of Japan Governor Kazuo Ueda told parliament on Thursday the central bank faces an "even more challenging" year ahead before discussing options for exiting its ultra-easy settings, which traders took as a sign of change in the offing.