Speculators have mounted their biggest ever wager that the Japanese yen will continue to rise as they position for further Bank of Japan interest rate hikes, an abrupt reversal from huge bets against the currency last year.

The yen may strengthen to around 130 per dollar on the back of rising Japanese interest rates, according to BNP Paribas Asset Management.

The Japanese yen strengthened slightly against most G-10 and Asian currencies in early trading amid potential hawkish remarks from BOJ Deputy Governor Shinichi Uchida.

Japan’s Services PMI and BoJ signals could shift yen trends, while US jobs data and ISM PMI influence Fed rate bets. Key levels in focus.

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BoJ policy, U.S. tariffs, and China’s PMI drive yen and Aussie trends. Can AUD/USD hold above $0.615, or will Fed rate bets push it lower?

Japanese economic data is gaining importance among yen traders for the first time in almost a decade, as expectations grow of further interest-rate hikes by the central bank.

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The yen is the primary currency of Japan, and it is one of the most popular currencies on the forex market. Are futures riskier than options? Understand the risks of futures vs options trading and ...