A jump in the Japanese yen pulled other Asian currencies higher, good news for the region's money but a warning sign for exporters and for anyone betting against the yen.

• The yen shot past 153 to the dollar, its strongest in seven months, and led every other Asian currency.
• Traders are again betting Japan's central bank will raise interest rates this month, and traders who bet against the yen were forced to buy it back, speeding up the rise.
• Taiwan's dollar rose for a third straight day to a three-month high, helped by foreign money flowing into Taiwan stocks.
• The gain faded late in the day as Taiwan's stock market sold off and some foreign investors cashed out and moved money back out.

Outlook: US inflation figures due this week are the next test — a hot number would lift the dollar and cap the rally in Asian currencies, while more rate-hike talk in Japan could push the yen toward 150.