Yen falls as Bank of Japan bucks rate rise trend
The decision to keep rates on hold comes as central banks around the world raise borrowing costs. …
“I expect financial markets to continue to put pressure on the yen, potentially pushing it to well over 140 against the dollar, as the Bank of Japan insists on capping interest rates at near zero, while the rest of the world hastily embarks on tightening to get on top of surging, non-transitory inflation globally,” Jeffrey Halley, Senior Market Analyst, Asia Pacific, OANDA told the BBC.
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