The yen surged on Thursday as Japan stays on track for rate hikes, while the European Central Bank (ECB) is expected to ease.
The Japanese yen strengthened against other G-10 and Asian currencies on the prospects of a hawkish tilt to Bank of Japan’s Deputy Governor Himino’s speech this afternoon.
Initially, the tech-led equity selloff created favorable conditions for a Japanese Yen rally due to risk aversion and ...