(Bloomberg) The yen weakened, set for its worst month in almost eight years, as speculation U.S. President-elect Donald Trump will pursue reflationary policies spurred bets that monetary tightening will accelerate.
Japan’s currency has declined more than 7 percent in November, with futures signaling three quarter-point interest-rate increases from the Federal Reserve by the end of next year. The three-week rout since Nov. 4 was the yen’s biggest in more than two decades, as short-term U.S. Treasury yields climbed this month to the highest since 2010.
