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The Guardian - UK
The Guardian - UK
Business
Heather Stewart and Graeme Wearden

Yen soars as Bank of Japan tipped to raise interest rates

Bank of Japan Japan Interest Rates Kevin Warsh US Federal Reserve
The city skyline seen from the Tokyo metropolitan government building observatories in 2022
The Tokyo skyline. Investors have been reassessing their expectations for the future path of interest rates in Japan and other major economies. Photograph: Yuichi Yamazaki/AFP/Getty Images

The Japanese yen has soared by more than 2% against the dollar amid speculation the Bank of Japan is set to raise interest rates.

The latest jump on Thursday lifted the yen to its highest level against the dollar in a month, at 155.57, and followed a 0.9% move the previous day.

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