Currencies
Yen Climbs as Ueda Indicates That Rates Can Go Higher in Japan
- Stocks in Tokyo erase a positive start and fluctuate
- Government bond futures also slide as governor speaks
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The yen led gains among Group-of-10 currencies, Japanese bond futures fell and stocks fluctuated as the central bank indicated that it is likely to continue to raise interest rates.
The Japanese currency rose 0.6% to 145.46 per dollar as of 3:54 p.m. in Tokyo. Benchmark stock indexes swung from an early advance to a decline and then edged back up again after the lunchtime break as traders mulled the outlook for monetary policy. Futures for 10-year government debt were little changed at 144.63.