TOKYO -- The yen briefly reached the 147 range against the dollar on Thursday, the strongest level since early October, boosted by yen buying and dollar selling in anticipation of the Bank of Japan raising interest rates and narrowing the rate differential with the U.S.
Currencies
Yen hits 5-month high against dollar amid expectations of BOJ rate hike
Higher wage demands fuel speculation about narrowing rate gap with U.S.
The yen briefly hit the 147 range against the dollar on Thursday, the strongest level since early October. © Reuters
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