Japanese Yen Surges as Markets Bet on More Aggressive BoJ Tightening
The Japanese Yen has strengthened against the US Dollar, causing the USD/JPY rate to decline by nearly 0.4% on Wednesday.
Markets expect a 25-basis-point interest rate hike in Japan in September, with some policymakers hinting at more aggressive tightening.
Investors now await US inflation data to refine expectations for the Federal Reserve's next policy decision.