The Japanese yen has surged ahead of an expected Bank of Japan rate hike next week, disrupting the long-standing yen carry trade and prompting investors to unwind bearish yen positions. The yen strengthened to 152.89 per dollar, while markets now price a 97% probability of a 25-basis-point BOJ hike to 1.25%.

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…