Yen hits six-week high, dollar dips for month-end
Inflatie
NEW YORK : The yen jumped to a six-week high against the dollar on Friday after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. Tokyo's core consumer price index, which excludes volatile fresh food costs, rose 2.2 per cent year-on-year in November from a year earlier, up from 1.8 per cent last month and beating forecasts for a 2.1 per cent gain. "The yen is turning into the latest momentum trade ... with little friction to prevent it
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