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.
BoJ, Fed, and RBA policies dictate USD/JPY and AUD/USD paths. Global trade and China’s economy amplify forex market ...
Japanese retail investors’ hunger for overseas equities is weighing further on the yen, adding to downside risks posed by ...
The U.S. dollar weakened against the yen on Thursday, as softer-than-expected U.S. economic data and growing confidence for a ...
3don 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.
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