Yen trading volume hits record this year

Positive signs: A street decorated with Christmas lights in the Marunouchi area of Tokyo. Japan’s inflation data are well above the BoJ’s target of 2%. — Bloomberg

TOKYO: Trading in the Japanese yen surged to its busiest this year after comments by Bank of Japan (BoJ) governor Kazuo Ueda triggered speculation of a near-term policy shift.

CME Group Inc, the world’s largest regulated foreign-exchange marketplace, traded US$74.8bil in the Japanese currency last Thursday, the highest volume for 2023.