Yen hits six-week high, dollar dips for month-end
Sat, Nov 30, 2024 4:25 PM

Yen hits six-week high, dollar dips for month-end

A Flip by Shubhangi Gupta
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The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Tokyo's core consumer price index, which excludes volatile fresh food costs, rose 2.2% year-on-year in November from a year earlier, up from 1.8% last month and beating forecasts for a 2.1% gain.

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