BREAKING STORY

A specific event in the last few hours that changes something — an earnings surprise, a regulatory action, a policy decision, a deal.

Yen Breaks Past ¥160, Japanese Yields Hit 30-Year High

Hawkish comments from Fed candidate Kevin Warsh at the Jackson Hole gathering pushed traders to price in more monetary tightening, hitting Japanese bonds and the currency together.

The yen weakened past ¥160 per dollar and Japanese government bond yields rose to their highest level in three decades after investors raised bets on tighter monetary policy following the Jackson Hole meeting.

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