The Japanese yen has recently seen a significant rally, driven by speculation surrounding potential interest rate hikes by the Bank of Japan (BOJ).

This surge in the yen's value has created ripples across global equity markets, leading to notable fluctuations in stock prices.

The yen's resurgence can be attributed to growing expectations that the BOJ may be forced to adjust its ultra-accommodative monetary policy in the face of mounting inflationary pressures. - https://cnbcnetwork.com/blog/yen-rate-hike-speculations/?unique_id_a0rmrybq

'Yen Surges Amid Rate Hike Speculation, Equity Markets Disrupted'