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USD/JPY falls through 149.00 as Bank of Japan angst builds
USD/JPY has fallen to the lowest since October 11 on signs that Bank of Japan will boost its yield cap above 1%.On Friday, two reports said the BOJ was planning to boost its inflation forecasts and today, Nikkei reported that the central bank will consider policy tweaks. That could mean the ceiling on yield curve control is lifted above 1% to a higher zone or removed altogether.Importantly, the BOJ could also hint at the early steps of an interest rate normalization.Perhaps that's too much for...
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Posted: Oct 30 2023, 15:14
Author Name: forexlive
Views: 112295
