Yen Leads Gains Versus Dollar as Traders Weigh BOJ, US Debate
- BOJ board member Nakagawa signals rate hike remains on table
- Markets are also considering the Harris-Trump match-up
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The yen led currencies higher versus the dollar, erasing this year’s losses as investors reacted to comments from a Bank of Japan board member and the US presidential debate.
The Japanese currency rallied as much as 1.2% to 140.71 against the greenback, the strongest level since Dec. 28, after board member Junko Nakagawa indicated that the BOJ will continue to adjust policy going forward provided the economy performs in line with their projections.