Bank of Japan Raises Rate Hike Odds as Yen Falls to 40-Year Low
The Bank of Japan will outline expectations for additional interest rate hikes as domestic price pressures build, according to Reuters.
The Japanese yen recently weakened past ¥163 per U.S. dollar, the weakest level since 1986. The currency slide has pushed traders to price in a more aggressive policy trajectory ahead of the central bank’s July 31 meeting. A weaker yen raises the cost of imported goods and feeds inflation at a time when the Bank of Japan is trying to stabilize prices.
From the sources (3 posts)
@globalmktobserv🚨JAPAN IS LOSING CONTROL OVER THE YEN The Japanese yen weakened past 163 per US Dollar for the first time since 1986. TAP IMAGE TO SEE FULL INSIGHT👇
@tcf_updates🚨 BOJ FACES PRESSURE AS YEN HITS 40‑YEAR LOW. The yen is sliding toward levels last seen in the mid‑1980s, and traders now expect the Bank of Japan to raise rates earlier than planned. The currency recently weakened past ¥163 per dollar, a
@reutersBank of Japan to signal more rate hikes as price pressures build