Japanese yen hits six-week high after hot inflation reading drives rate increase bets - MarketWatch

1. Speculation on BoJ rate hike boosted yen to six-week high. 2. Tokyo core inflation rose 2.2%, surpassing expectations, influencing rate hike probabilities. 3. Market anticipates over 60% chance of interest rate increase in December's BoJ meeting. 4. U.S. rate cut hopes contrast with Japan's tightening, enhancing yen strength. 5. Long-term view suggests potential weakness in yen despite rising inflation.