BOJ Delivers, Sending Greenback to Almost JPY150; Now Over to the Federal Reserve
Marc Chandler
July 31, 2024
Overview: A 15 bp hike by the BOJ and plans to halve its bond purchases by the end of FY25 (in March 2026), coupled with a hawkish press conference by Governor Ueda sent the dollar to nearly JPY150, its lowest level in four months. A soft-core inflation reading in Australia send the Aussie lower and is the weakest of the G10 currencies. The others…
BOJ Delivers, Sending Greenback to Almost JPY150; Now Over to the Federal Reserve
Reviewed by Marc Chandler
on
July 31, 2024
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