Yen Surges 2% on Rate-Hike Speculation Amid Global Economic Uncertainty

The Japanese yen surged more than 2% against the US dollar on Thursday, reaching its strongest level in a month at 155.57.

This sharp move came amid growing market speculation that the Bank of Japan may raise interest rates, which has been a key driver behind the yen's strengthening.

Market participants appear to be reacting to signals that the central bank may be moving toward normalizing its ultra-loose monetary stance.