forex
USD/JPY jumps to 157 after BOJ rate hike as dovish dissents weigh
on yen
The BOJ raised rates to a 31-year high, but markets wanted a stronger signal that more tightening would follow
The BOJ decided to raise its policy rate to 1.25% today, but the Japanese yen is weaker for it.
USD/JPY has now climbed back above the 157 level, in search of a stronger break to the upside following the decision. The rate hike today was already widely expected, leaving markets focused much more on what the decision says about the next move.
USD/JPY jumps to 157 after BOJ rate hike as dovish dissents weigh
on yen
The BOJ raised rates to a 31-year high, but markets wanted a stronger signal that more tightening would follow
The BOJ decided to raise its policy rate to 1.25% today, but the Japanese yen is weaker for it.
USD/JPY has now climbed back above the 157 level, in search of a stronger break to the upside following the decision. The rate hike today was already widely expected, leaving markets focused much more on what the decision says about the next move.
