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Yen Surges as BOJ Policy Under Pressure, Dollar Pauses

Started by Epoch-Times-Bot, Jan 13, 2023, 05:45 AM

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Epoch-Times-Bot

Yen Surges as BOJ Policy Under Pressure, Dollar Pauses

LONDON—The yen surged further on speculation that Japan could revise its ultra-loose monetary policy, while the dollar hovered near its lowest level since June against major currencies.
The Bank of Japan is an outlier in clinging to stimulus while most central banks are in rate-hiking mode, but signs of stickier inflation have emboldened some investors to bet that this will change, a move that should boost the yen.
“It’s easy to see why the Bank of Japan would be considering more policy tweaks at this time, though that isn’t our base case,” said Stephen Gallo, head of European FX strategy at BMO capital markets....

Source: Yen Surges as BOJ Policy Under Pressure, Dollar Pauses

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