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BOJ
Yen hovers near 40-year low as intervention fears mount
The Japanese yen traded near a four-decade low on Monday, hovering around 161.57 per dollar as the wide interest rate differential between the United States and Japan continued to weigh on the currency despite the Bank of Japan's recent rate…
Yen hits 40-year low as government adviser urges more BOJ rate hikes
The Japanese yen sank to 162.84 per dollar on Wednesday, its weakest level since December 1986, as rising U.S. Treasury yields and expectations of Federal Reserve rate hikes widened the interest rate gap between the two economies. The fresh four-decade…
Yen slides to brink of 40-year low despite BOJ rate hike
The Japanese yen traded near its weakest level in nearly four decades on Friday, June 19, putting markets on heightened intervention watch as the Bank of Japan's rate hike earlier in the week proved insufficient to arrest the currency's slide.
BOJ deputy governor vows more rate hikes as inflation risks mount
Bank of Japan Deputy Governor Ryozo Himino told parliament on Friday that the central bank will continue raising interest rates, warning that underlying inflation risks overshooting its 2% target. The remarks came days after the BOJ raised its benchmark rate…
Nikkei hits record above 71,000 after BOJ rate hike
The Bank of Japan on Tuesday raised its benchmark overnight call rate by 25 basis points to 1.0%, marking the highest borrowing costs in the country since 1995 and joining a global wave of monetary tightening driven by persistent inflation…