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mxmfn
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mxmfn
Why the Yen Is Falling Despite a BoJ Rate Hike
in
Experienced Traders
Aug 31 at 04:57
On Friday, Fed Chair Kevin Warsh made it clear in Jackson Hole that he does not yet consider inflation defeated. The yen subsequently slipped to 159.84 per dollar, its weakest level since July. This is notable because the Bank of Japan is highly likely to raise rates again within the next few weeks. A currency depreciating immediately ahead of its own central bank's rate hike requires an explanation. The DataLet's start with the Fed. The policy rate has remained unchanged at 3.50 - 3.75% since the July meeting, marking the fifth consecutive meeting without a change, although three dissentin...
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