Yen Rises For Third Day on Bets BOJ Policy Insufficient

The yen rose for a third day against the dollar, the longest run of gains in almost two months, amid speculation measures announced by the Bank of Japan won’t be enough to boost economic growth and weaken the currency.

The yen strengthened versus most of its 16 major peers before consumer-price data this week forecast to show the BOJ’s policies have failed to stoke inflation. The central bank increased its inflation target to 2 percent yesterday. South Korea’s won declined against the dollar after the country’s finance minister said recent advances were too steep.