China 'Crucial' to Yen's Fortune, Says Rabobank's Foley
The dollar rose against the yen for a third week, the longest stretch since August, as the Federal Reserve fanned speculation about a boost to interest rates as soon as next month. The U.S. currency headed for its best month in a year versus the yen after the minutes of the Fed’s most recent meeting prompted traders to add to bets on a June rate hike. The move was also spurred by Bank of Japan Governor Haruhiko Kuroda reiterating that he’s ready to add to stimulus if necessary, and will take action if foreign-exchange rates make it harder to achieve his inflation target. Rabobank Senior Foreign-Exchange Strategist Jane Foley discusses the outlook for the Yen with Bloomberg's Francine Lacqua on "The Pulse."