Yen Rallies Against Dollar, Outstripping Most of Its G-10 Peers
- Traders await rates clues from chiefs of BOJ and Fed
- Powell may hint at a September rate cut Friday, Barclays says
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The yen outperformed most of its peers in the Group of 10 Monday, rallying against the dollar in jittery trading ahead of key central bank events later in the week.
Japan’s currency climbed as much as 1.7% versus the greenback to 145.19, before trimming the advance to about 0.8% during New York trading. The rally came amid broad weakness in the dollar, with investors on edge before Bank of Japan Governor Kazuo Ueda appears in parliament on Friday, and Federal Reserve Chair Jerome Powell speaks at Jackson Hole later the same day.