2024-12-14 21:56
IndustryYen's Longest Decline Since June as BOJ Holds Rate
The yen fell 0.7% to 153.67 per dollar, marking its longest decline since June, amid expectations that the Bank of Japan will hold rates next week. Money markets now assign only a 16% chance of a rate hike, down from 64% last week. If the Fed cuts rates and the BOJ remains on hold, the yen could weaken further to 156-157 per dollar.
#Yen #BOJ #Forex #InterestRates
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Yen's Longest Decline Since June as BOJ Holds Rate
| 2024-12-14 21:56The yen fell 0.7% to 153.67 per dollar, marking its longest decline since June, amid expectations that the Bank of Japan will hold rates next week. Money markets now assign only a 16% chance of a rate hike, down from 64% last week. If the Fed cuts rates and the BOJ remains on hold, the yen could weaken further to 156-157 per dollar.
#Yen #BOJ #Forex #InterestRates
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