The post Japanese Yen rises to over one-week top vs USD amid BoJ rate hike bets appeared on BitcoinEthereumNews.com.

The Japanese Yen (JPY) jumps to a one-and-a-half-week top against a broadly weaker US Dollar (USD) during the Asian session on Monday. The latest comments from Bank of Japan (BoJ) Governor Kazuo Ueda reaffirmed bets for an imminent interest rate hike, pushing Japanese government bond (JGB) yields to their highest levels in years. The resultant narrowing of the rate differential between Japan and other major economies provides a goodish lift to the JPY at the start of a new week. Apart from this, a softer tone around the equity markets is seen as another factor that benefits the JPY’s safe-haven status. The USD, on the other hand, remains depressed amid dovish Federal Reserve (Fed) expectations and further contributes to the USD/JPY pair’s downfall to the 155.50-155.45 region. Traders now look forward to this week’s key US macro releases, scheduled at the beginning of a new month, starting with the ISM Manufacturing PMI later today, for a fresh impetus. Japanese Yen bulls look to seize control amid hawkish BoJ expectations Bank of Japan Governor Kazuo Ueda reiterated on Monday that the central bank remains on track to raise interest rates further if prices and the economy continue to unfold as expected. The likelihood of the BoJ’s baseline scenario for growth and inflation being realised is gradually increasing, Ueda added further. This reaffirms market bets for a BoJ rate hike move, either in December or January, and lifts the rate-sensitive two-year Japanese government bond yield to 1% for the first time since June 2008. Moreover, the 20-year yield advances to levels not seen since November 2020 and lifts the lower-yielding Japanese Yen. Japan’s Ministry of Finance reported earlier today that Capital Spending rose for the third straight quarter, by 2.9% from a year earlier during the July-September quarter. This, however, marks a…

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Filed under: News - @ December 1, 2025 4:23 am