By Rae Wee and Junko Fujita SINGAPORE (Reuters) - The yen jumped on Monday as comments from Bank of Japan (BOJ) Governor Kazuo Ueda stoked hopes that ...
STORY CONTINUES BELOW THESE SALTWIRE VIDEOSBy Rae Wee and Junko Fujita
Ueda told the Yomiuri newspaper in an interview that the BOJ could have enough data by year-end to determine whether it can end negative rates. Since the yen weakened past the key 145 per dollar threshold last month, traders have been on alert for any signs of intervention from Japan to shore up the currency. That level had, a year ago, prompted the first yen-buying intervention by the authorities since 1998.
The dollar index, which capped last week with eight straight weeks of gain, its longest run since 2014, slipped 0.12% to 104.72. The greenback, along with U.S. Treasury yields, had surged last week after a run of resilient economic data added to bets that further rate hikes from the Fed may be on the horizon.
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