Day: July 31, 2024

Japanese Yen Soars on Hawkish BoJ Policy, Eyes on Fed Decision

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The Japanese Yen (JPY) is riding a wave of recovery against the US Dollar (USD), boosted by the Bank of Japan’s (BoJ) unexpectedly hawkish policy announcements. The BoJ surprised markets by raising the short-term rate target and outlining a plan to taper Japanese government bond (JGB) purchases. BoJ Governor Kazuo Ueda explained the rationale behind […]

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