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Story summary
- The yen rose nearly 2% to 155.81 per U.S. dollar in New York.
- Traders lifted bets on a Bank of Japan rate hike before the Sept. 18 decision.
- Federal Reserve Governor Christopher Waller’s comments on U.S. inflation reduced expectations for Fed rate hikes.
- BOJ board member Hajime Takata said future hikes should be “nimble and data-dependent,” boosting the yen.
- Japan spent a record $96.4 billion defending the yen during the past month.
