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Yen Surges on BoJ Hike Bets as Oil Pressures $100

Yahoo Finance Read original source (opens in a new tab)
The Story

News Summary

  • The yen surged toward multi-month highs against the dollar as investors increased bets on Bank of Japan rate hikes amid inflation.
  • Simultaneously, oil prices spiked near $100 due to Middle East tensions, compounding US inflation concerns and bolstering market expectations for tighter Federal Reserve monetary policy.
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