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USD/JPY tags 150.00 then rebounds. Eyes on the Bank of Japan
I don't envy Kazuo Ueda.The Bank of Japan governor faces the task of unwinding the world's most-aggressive policy of QE and ultra-easy rates in the world's most-indebted country.He took a small step towards less-aggressive policy on Tuesday and that has helped to prop up the yen. Earlier today, Reuters reported that the BOJ will "look to exit the decade-long accommodative regime sometime next year" but it will be tough. The report cites interviews with six sources familiar with BOJ thinking."Giv...
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Posted: Nov 2 2023, 16:11
Author Name: forexlive
Views: 112227