Published Sep 9, 2026, 8:28 AM ET · Updated 2 months ago · 1 source

Japanese yen strengthens due to rate hike bets and Treasury Secretary's warning

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Original Report

The Japanese yen has strengthened by 0.3% today to 153 against the dollar and is up 4% over the past week, attributed to investor bets on larger rate hikes from the Bank of Japan and Treasury Secretary Scott Bessent's warning against betting on the yen.