Just weeks after hitting four-decade lows, the yen reached a seven-month high. Jane Foley of Rabobank told Reuters the market now expects the BOJ to pick up the pace of rate hikes, although she still sees 50 basis points next week as unlikely ▻ ↧ The yen's sudden surge upsets the carry trade faithful A blistering rally in the Japanese yen ahead of an expected interest rate hike from the Bank of Japan next week is upending the long-established and lucrative carry trade, as investors rethink the path ahead for ​the volatile currency.