Market News
Yen rises as BOJ hints at rate hike; dollar braces for crucial December - REUTERS
By Rae Wee and Amanda Cooper
Summary
- Yen rises as investors bet on December BOJ hike
- 25bp Fed cut this month nearly fully priced in
- Dollar eases as traders weigh outlook for US rates, Fed leadership
SINGAPORE/LONDON, Dec 1 (Reuters) - The yen rose on Monday, boosted by Bank of Japan Governor Kazuo Ueda, who suggested a December rate hike may be on the table, while the dollar struggled as investors ramped up bets of a U.S. rate cut this month.
Ueda said on Monday the central bank will consider the "pros and cons" of raising interest rates at its next policy meeting in December, offering the strongest hint so far that a hike may materialise this month.
