LONDON/TOKYO—The yen rose on Wednesday as Japanese bond yields climbed sharply on hopes that ultra-loose monetary policy will soon end, while the dollar fell as the euro and pound advanced.
The dollar was last down 0.66 percent against the yen at 147.39. The yen tracked Japanese government bond yields, which leapt to six-week highs after Bank of Japan chief Kazuo Ueda said on Tuesday that the prospects of achieving the central bank’s inflation target were gradually increasing.
