Yen Gains After BOJ Hawk Leaves Door Open for Outsized Hike

The yen strengthened against the dollar after Bank of Japan Board Member Hajime Takata, one of the bank’s most hawkish members, left the door open for an outsized interest-rate increase...

By Mia Glass · Bloomberg Markets

The yen strengthened against the dollar after Bank of Japan Board Member Hajime Takata, one of the bank’s most hawkish members, left the door open for an outsized interest-rate increase as well as back-to-back hikes.