Yen Climbs in Volatile Trading After Hints of Central Bank Policy Shift

(Nikkei Asia) — The Japanese currency gained more than 5 yen against the U.S. dollar a day after Bank of Japan (BOJ) Governor Kazuo Ueda made comments Thursday seen as laying the groundwork for an exit from the central bank’s policy of negative interest rates.

On Thursday, the yen surged in New York trading to briefly touch the 141 level — 1.50 yen stronger than the 143 level immediately before. The Japanese currency fell soon after and was trading at the 143 level at 2 p.m.