Yen soars, Nikkei slides as rate hikes loom over Japan

SINGAPORE: Japanese markets were reeling on Friday, with the Nikkei heading for its biggest weekly drop in a year while bonds have been battered and the yen is eyeing its largest weekly gain in five months, as investors rushed out of bets on Japan’s rates staying low.

Original article here

Leave a Reply

Your email address will not be published. Required fields are marked *