Good morning everyone.
The financial markets were left underwhelmed by the latest forward guidance from the Bank of Japan, causing the Yen to drop by over 1%. This recent depreciation actively reverses the upward momentum that the currency had built following both real and projected FX interventions.
This currency movement occurred despite Japan's central bank making a broadly predicted decision to bump up interest rates by 25 basis points. With this specific increase, Japanese rates have now hit their most elevated point since the year 1995.
Please refer to the CNBC chart provided below for a visual breakdown.
#economy #markets j
#japan #boj #centralbanks
The financial markets were left underwhelmed by the latest forward guidance from the Bank of Japan, causing the Yen to drop by over 1%. This recent depreciation actively reverses the upward momentum that the currency had built following both real and projected FX interventions.
This currency movement occurred despite Japan's central bank making a broadly predicted decision to bump up interest rates by 25 basis points. With this specific increase, Japanese rates have now hit their most elevated point since the year 1995.
Please refer to the CNBC chart provided below for a visual breakdown.
#economy #markets j
#japan #boj #centralbanks
