Why did the Japanese Yen fall after the Bank of Japan raised interest rates and ended its policy of buying government bonds?
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Intensifying speculation about a potential historic rate hike by the Bank of Japan is dominating the start of the week where the Federal Reserve, as well as central banks in the UK, Switzerland and…
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The Japanese Yen was volatile following the release of wage figures that are likely to trigger an interest rate hike at the Bank of Japan as soon as next week.
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The Dollar is overshooting relative to fundamentals meaningfully, says Bank of America, warning that the overshoot is particularly acute against the Japanese Yen.
Read more … →The Japanese Yen rallied on Thursday as investors prepared for an interest rate hike at the Bank of Japan.
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