Japanese Yen Soars Amidst Speculation of Bank of Japan Rate Hike

The Japanese yen experienced significant gains against major currency pairs on August 14, 2025, fueled by market speculation regarding a potential Bank of Japan interest rate hike. This move is expected to impact the forex landscape as analysts anticipate shifts in monetary policy from the BoJ. Notably, the currency’s strength seems isolated to the foreign exchange market, with minimal observed effects on cryptocurrency markets.