The Japanese yen achieved impressive seven-month highs against the U.S. dollar on Tuesday, driven by traders closing short positions in light of anticipated rate hikes from the Bank of Japan. As the dollar continues to linger in a subdued state before the crucial U.S. inflation data release this week, attention is drawn towards these economic indicators ahead of the FOMC meeting.

Tokyo, Sept. 8 (Jiji Press)--The yen has been strengthening against the dollar since the beginning of September amid speculation that the Bank of Japan will accelerate interest…

The Japanese yen achieved impressive seven-month highs against the U.S. dollar on Tuesday, driven by traders closing short positions in light of anticipated rate hikes from the…