Yen Outstrips G-10 Peers This Week as BOJ, Fed Rate Moves Seen
- Rate changes from both Fed, BOJ may push it past 150 vs dollar
- Yen’s gain this week has made it best performing G-10 currency
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The yen is outperforming its peers so far this week as traders position for the yield gap between the US and Japan to narrow next month.
The Japanese currency rose as much as 0.8% to 151.84 against the dollar on Wednesday and has jumped 1.9% this week to put it at the top of the leaderboard of Group-of-10 currencies.