The Japanese yen rose and Japanese government bond yields hit a high since 2008 on Monday after Bank of Japan Governor Kazuo Ueda left the door open for a near-term interest rate hike, while the dollar started the month on a decline as investors increasingly expect a U.S. rate cut this month.
Japanese Yen, Bond Yields Surge on Rate Hike Signals
The yen and bond yields hit multi-year highs as the BoJ governor signals a potential rate hike, while the dollar weakens on expectations of a U.S. rate cut.