Yen soars as Bank of Japan tipped to raise interest rates

<p>Jump lifts currency to highest level against dollar in a month, while global markets remain jittery</p><ul><li><p><a href="https://www.theguardian.com/business/live/2026/sep/03/uk-mortgage-rates-set-to-rise-bond-sell-off-borrowing-costs-latest-news-updates">Business live – latest updates</a></p></li></ul><p>The Japanese yen has soared by more than 2% against the dollar amid speculation the Bank of Japan is set to raise interest rates.</p><p>The latest jump on Thursday lifted the yen to its highest level against the dollar in a month, at 155.57, and followed a 0.9% move the previous day.</p> <a href="https://www.theguardian.com/business/2026/sep/03/yen-soars-bank-of-japan-tipped-to-raise-interest-rates">Continue reading...</a>