The yen jumped more than 1% against the U.S. dollar to a six-week high on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar sagged against its peers in trading thinned by the U.

The yen soared to a one-month high in the upper 149 level against the U.S. dollar Friday as higher-than-expected inflation data fuele

The yen surged to a six-week high following unexpected inflation increases in Tokyo, heightening speculation of a Bank of Japan interest rate hike. As the dollar weakens due to holiday-thinned trading and previous gains,

By Stella Qiu SYDNEY (Reuters) -Asian shares rose on Friday while the yen was aiming for its best week in four months as strong inflation data from Tokyo had traders favouring an imminent rate hike from the Bank of Japan.

The yen climbed on Friday to its highest level in about a month against the U.S. dollar on speculation that the Bank of Japan would r

The yen rallied Friday after forecast-busting inflation data out of Tokyo boosted talk of another Japanese interest rate cut next month, while equity markets were mixed as traders weigh the economic outlook during a second Trump administration.

The swaps market is now factoring in a 63% chance of a BOJ rate hike in December, twice the odds at the start of the month.

The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month.

The yen extended gains through the key psychological level of 150 against the dollar as the market priced in a greater chance of the yield gap between the US and Japan narrowing next month.