Yen reaches six-month high on rising BOJ rate-hike bets; South Korean chip gains bolster Asian equities. Sapporo Breweries shifts some production to US amid Canadian beer tariffs.
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The yen climbed to a six-month high, jumping as much as 0.8% to 153.16 per dollar after appreciating 1.2% on Monday. Bloomberg links it to rising odds of a Bank of Japan (BoJ) rate increase next week and to an intervention push by Treasury Secretary Scott Bessent and Finance Minister Satsuki Katayama that may be taking on a life of its own. The bulletin pairs that currency drama with a concrete corporate response: Sapporo Breweries shifting some production to the U.S. from Canada to avoid a 50% tariff, a reminder that exchange rates and trade policy now reshape company footprints as much as market psychology does.