• The yen advanced against all Group-of-10 currencies and government bonds slumped as traders mulled potentially hawkish comments from Bank of Japan Governor Kazuo Ueda on the negative interest rate policy.
• Ueda told the Yomiuri newspaper it’s possible the BOJ will have enough information by year-end to judge if wages will continue to rise — a key factor in deciding whether or not to end its super-easy policy.
• The currency strengthened as much as 0.8% to 146.67 per dollar in early Asia trading Monday before trading 0.6% higher at 146.93 as of 9:35 a.m. in Tokyo. Japan’s benchmark bond yield rose 4.5 basis points to 0.695%, the highest level since 2014.