Bonds Flinch News Today

The greenback pushed back above 145 yen and last bought 145.12 yen, reversing some of its steep fall against the Japanese currency late last week, as bets grew that the Bank of Japans ultra-low interest rates policy may be nearing an end.

Bank of Japan (BOJ) governor Kazuo Ueda said on Thursday the central bank had several options on which interest rates to target once it pulls short-term borrowing costs out of negative territory, and had on the same day met with Prime Minister Fumio Kishida.

The yen rose 1.7% against the dollar, its biggest one-day jump since January, and at 144.80 to the dollar looked to be extending its post-COVID record of finishing years strongly. [FRX/]