BoJ Hikes Interest Rates to 0.25% Yen Surges Amid Economic Shifts and Wage Growth
July 31, 2024
The central bank said in a statement it had set an interest rate of 0.25 percent — up from around zero to 0.1 percent — having ditched its maverick negative rate policy aimed at boosting economic growth in March. Its decision, announced after a two-day policy meeting, caused the yen to surge briefly before weakening […]
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Market Update Japan’s Yen Falls, Dollar Rises on BOJ Policy Shift & Fed Rate Cut Speculation
March 20, 2024
Japan’s yen was at a 4-month low after the BOJ finally ditched sub-zero rates, but the focus was on whether the Fed signals that it now expects to cut U.S. rates twice this year rather than the three that markets have been hoping for. The dollar was standing almost 0.5% higher on the day in […]
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