Yen jumps on BOJ chief's hawkish stance

Kazuo Ueda remains open to further rate hikes, pending economic growth and inflation

20240731 yen-dollar

The BOJ's monetary policy decision on July 31 sent the Japanese yen to a high it had not touched since mid-March. (Photo by Nanami Sato)

LISA KIM and CHIHIRO ISHIKAWA, Nikkei staff writers

TOKYO -- The yen strengthened to a four-month high against the dollar on Wednesday after Bank of Japan Gov. Kazuo Ueda told reporters that he was open to future interest rate hikes.

Japan's currency touched the 149 yen level against the dollar during New York trading, crossing the 150 yen line for the first time since March 19.

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