Yen Strengthens After Bank of Japan Raises Rates
The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.
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The yen jumped to 155.03, up 1% at one point, extending gains recorded after the Bank of Japan's rate decision.
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The yen strengthened and Japanese government bond yields rose to fresh multi-year highs on Friday after the Bank of Japan ...
BOJ’s 0.25% rate hike led to a stronger Yen and higher gold prices. Find out why another hike could fuel more carry trade activity and gold gains.
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The yen was front and centre for currency markets on Friday ahead of a Bank of Japan (BOJ) policy decision where it is all ...
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