Yen Weakens Slightly as Japan Markets Take Rate Hike in Stride
The yen weakened past 150 per dollar after the Bank of Japan ended the world’s last negative policy rate while keeping financial conditions easy for now. Bonds and shares both gained.
The yen weakened past 150 per dollar after the Bank of Japan ended the world’s last negative policy rate while keeping financial conditions easy for now. Bonds and shares both gained.
The Bank of Japan’s decision to end its negative-interest-rate policy has left markets largely unruffled because it was flagged well in advance, and the nation’s stocks should be able to extend their recent rally, analysts say.
Bitcoin extended a retreat as investors digested a record daily outflow from the world’s biggest exchange-traded fund for the token as well as scaled-back expectations for Federal Reserve interest-rate cuts.
The yen weakened after the Bank of Japan brought an end to the world’s last negative rates in a widely expected move while keeping financial conditions easy for now.
The painful decoupling offers a glimpse of what awaits both sides if the war in Gaza permanently ruptures ties.
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