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 rose after the Bank of Japan (BOJ) hiked rates on Friday and revised up its inflation forecasts, while the Australian ...
Eurozone rate-setters are set to cut borrowing costs again this week, confident their efforts to lower inflation will remain ...
BOJ’s 0.25% rate hike led to a stronger Yen and higher gold prices. Find out why another hike could fuel more carry trade activity and gold gains.
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Barclays’ Japanese investment banking arm posted a record ¥16.5 billion in net profit in 2023, driven by increased client ...
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