India, March 13 -- The Japanese yen strengthened against other major currencies in the European session on Thursday, as the Bank of Japan (BoJ) chief's remarks reinforced expectations of a rate hike.
BOJ Governor Kazuo Ueda stated on Thursday that he anticipates an improvement in consumption as wage growth picks up steam and the increase in import prices subsides.
The remarks fueled speculation about the BOJ's impending interest rate hike, which raised the yields on Japanese government bonds and the value of the yen.
Markets weigh on macroeconomic concerns against optimism that U.S. negotiators could secure a ceasefire in the Ukraine war.
U.S. President Donald Trump threatened on Wednesday to escalate a global trade war with further tar...