Japanese Yen Surges to 7-Month High on Rate Hike Expectations
The Japanese yen surged to a near seven-month high on Tuesday, hitting the 152-per-dollar range as expectations for an imminent Bank of Japan rate hike intensified.
Bank of Japan
Japan Wages Surge 4.7% in July, Fastest Since 1997
Japan’s nominal wages surged 4.7% year-on-year in July, reaching their fastest pace since January 1997 and boosting real wages by 2.4%.
Japanese Yen Surges to 10-Week High Against Dollar
The Japanese yen surged to its strongest level since February on Monday, surpassing the peak reached during a U.S.-Japan coordinated intervention earlier this year.
Dollar-Yen Outlook: 155-159 Range Expected Amid US Inflation Data and BOJ Hikes
The dollar-yen exchange rate is expected to trade between the low-155 and low-159 ranges this week, driven by upcoming U.S.
Bank of Japan to Raise Interest Rates
The Japanese yen surged 1.7% against the dollar on Thursday, hitting its highest level in a month at 155.85, as investors braced for a potential interest rate hike by the Bank of…
Bessent Urges Japan to Raise Interest Rates for Stronger Yen
U.S. Treasury Secretary Scott Bessent urged Japan to raise interest rates to strengthen the yen, signaling a potential Bank of Japan hike in September as markets price in the move.
Bessent Urges BOJ to Raise Interest Rates in September
U.S. Treasury Secretary Scott Bessent signaled Japan’s central bank is likely to raise interest rates in September to strengthen the yen, citing market expectations and recent…
Japan Considers Tax Incentives to Boost Retail Government Bond Buying
Japan is considering tax incentives, including inheritance tax breaks and inclusion in NISA accounts, to encourage retail investors to buy government bonds.
Bank of Japan Closes Door to Further Rate Hikes
The Bank of Japan (BOJ) signaled potential faster interest rate hikes in September as inflation risks intensify, with policymakers emphasizing the need to prevent persistent price … Read more