Yen hits 6-week high amid growing BOJ rate hike bets
The yen jumped as much as 1.2% against the U.S. dollar to a six-week high on Friday, after faster-than-expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month. The dollar sagged against most major peers in trading thinned by the U.
Tokyo CPI Speeds Up, Fueling Yen Move Amid BOJ Hike Speculation
Tokyo inflation accelerated more than expected in November while other data showed the economy moving broadly in line with Bank of Japan projections, feeding into speculation over a possible December rate hike and bumping the yen.
Japanese Yen Surges on Bets for More BOJ Interest-Rate Hikes
The Japanese yen rose to a six-week high against the dollar Friday. While trading was thin because of the Black Friday holiday in the U.S., the moves are still worth watching after volatility in the Asian currency sparked market turmoil earlier this year.
Japan's Steady Service Inflation Keeps Alive BOJ Rate-Hike Prospects
The BOJ ended negative interest rates in March and raised its short-term policy rate to 0.25% in July on the view Japan was making steady progress towards durably achieving its 2% inflation target. Governor Ueda has said the BOJ will keep raising rates if inflation remains on track to stably hit 2% as it projects.
Yen Surge Sparks Speculation on BOJ Rate Hike
The yen surged to a six-week high following unexpected inflation increases in Tokyo, heightening speculation of a Bank of Japan interest rate hike. As the dollar weakens due to holiday-thinned trading and previous gains,
Yen hits 1-month high of 149 vs. dollar on BOJ rate hike speculation
The yen soared to a one-month high in the upper 149 level against the U.S. dollar Friday as higher-than-expected inflation data fueled speculation that the Bank of Japan could raise interest rates next month.
Yen hits six-week high on growing BOJ rate hike bets
The yen jumped as much as 1% to a six-week high at 150 per dollar on Friday, after faster than expected inflation in Tokyo supported bets for a Bank of Japan interest rate hike next month.
Asian shares slip, yen aims for best week in 4 months on BOJ hike bets
Asian shares slipped on Friday while the yen was aiming for its best week in four months as strong local inflation data had traders favouring an imminent rate hike from the Bank of Japan. Overnight, trading in U.
BOJ’s Ueda Tells Nikkei Wage Trends Will Drive Policy Moves
Bank of Japan Governor Kazuo Ueda said interest-rate hikes are “nearing” as inflation and economic trends develop in line ...
Bank of Japan says inflation data key in deciding rate hikes, Nikkei reports
Bank of Japan Governor Kazuo Ueda revealed in an exclusive interview with Nikkei newspaper that the central bank will base ...
BOJ Rate Hike Won’t Derail Budgets, DPP Official Indicates
The Bank of Japan likely won’t change policy abruptly enough to derail budget discussions, according to a senior member of an opposition party whose support is needed by Prime Minister Shigeru ...
Japan Stimulus Staved Off Years of Deflation, BOJ Study Says
Japan could have faced deflation for several years starting around 2016 without the Bank of Japan’s massive monetary stimulus ...
BOJ's retreat from low rates heightens Japan's debt troubles
The Bank of Japan's retreat from a decade-long radical stimulus is pressuring the government to rethink the way it funds its ...
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BOJ still on track for more rate hikes after standing pat
(Bloomberg) — The Bank of Japan kept its benchmark interest rate unchanged while sticking to its view that it’s on track to achieve its inflation target, an outlook that points to the ...