Yen Surges on BoJ Policy Shift Expectations
The Japanese Yen has strengthened overnight, pushing USD/JPY back towards 153.00, as market expectations of policy changes in Japan grow.
This comes after comments from US Treasury Secretary Scott Bessent reinforced the idea that the Bank of Japan will accelerate rate hikes this month.
Bessent's statements have boosted confidence in the yen, making it rebound without further joint FX intervention.