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.
The yen was the only Group-of-10 currency rising against the dollar on Monday as investors sought it as a haven on concern ...
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Asian shares advanced Friday after U.S. stocks rose to a record and the Bank of Japan raised its key lending rate. U.S.
Japanese retail investors’ hunger for overseas equities is weighing further on the yen, adding to downside risks posed by ...
Japanese bond yields are rising due to inflation concerns, fiscal deficits, and global bond sell-offs. Check out what to ...
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.
The move comes in line with expectations from CNBC's survey, where an overwhelming majority of economists predicted a hike.
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