Yen Strengthens After Bank of Japan Raises Rates
The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.
Economists expect more interest rate hikes from Bank of Japan this year
Japan’s central bank has hiked interest rates as expected to a 17-year high as it continues on a path to normalise its monetary policy. On Friday (Jan 24), the Bank of Japan (BOJ) raised short-term rates by 25 basis points to 0.5 per cent, its highest level since the 2008 global financial crisis.
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Japanese retail investors’ hunger for overseas equities is weighing further on the yen, adding to downside risks posed by ...
2-Year U.S. Treasury Note Continuous Contract $102.738-0.066-0.06% 5-Year U.S. Treasury Note Continuous Contract $106.156-0.109-0.10% 10-Year U.S. Treasury Note Continuous Contract $108.516-0.094 ...
Japan is closely watching currency market positions, including those built on speculative bets, because volatility in ...
Information provided on Forbes Advisor is for educational purposes only. Your financial situation is unique and the products and services we review may not be right for your circumstances.
13hon MSN
Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S.
The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.
Global markets await BoJ decision and Trump’s policies. USD/JPY and AUD/USD trends hinge on central bank moves and ...
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