Japan’s currency and bonds came under pressure on Monday as investors increased bets that the US and Japan would raise interest rates following this weekend’s meeting of central bankers at Jackson Hole.
The yen briefly weakened past ¥160 a dollar, while yields on short-dated and 10-year Japanese government bonds rose to their highest levels in more than three decades.
The moves came after Federal Reserve chair Kevin Warsh struck a hawkish tone in his first appearance at the Jackson Hole gathering of economists and central bankers.
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