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Published:
Speculation that the Bank of Japan was headed for a December interest rate increase after a hot inflation reading drove the yen to a six-week high on Friday.
The dollar hit a session low of 149.56 against the yen
USDJPY, and was last 1% lower at 150.09 yen. That’s as the Nikkei 225 index JP:NIK closed around 0.3% weaker at 38,208 on Friday.
This post was originally published on Market Watch
