Yen continues rise to 155 range on speculation of carry trade reversal

Market sees Japan pension fund's rare August meeting as likelihood of increased yen asset buying The sharp appreciation in the yen might indicate signs of a reversed carry trade. (Photo by Takashi Miyazaki) TOKYO — The yen traded in the upper 155 range against the dollar on Friday morning, continuing to strengthen from the previous day's 157 yen, amid speculation that the Bank of Japan could increase the pace of interest rate hikes faster than previously anticipated.

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