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18.09.26 - 17:00
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Yen Plunges After Two Dissenters Upstage BOJ′s Rate Hike: Full Wall Street Reaction (ZeroHedge)
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Yen Plunges After Two Dissenters Upstage BOJ's Rate Hike: Full Wall Street Reaction
The yen sank to a two-week low against the dollar on Friday after two policy makers at the Bank of Japan dissented from a widely expected decision to raise interest rates, extinguishing expectations for back-to-back hikes. Governor Kazuo Ueda now needs, at a minimum, to preserve expectations for a December move to prevent markets from unwinding most if note all of the tightening path already priced into rates.
While Japanese policymakers pushed rates to their highest level in 31 years at 1.25%, the move failed to boost the currency as traders felt there was a lack of explicitly hawkish guidance.
As a result of the dovish split, the yen tumbled and the US dollar rose more than 1.2% against the Japanese currency, hitting a a two-week high of 158.07 yen after wavering during BOJ Governor Kazuo Ueda's press conference. It was set for its biggest daily increase versus the yen since December and the l...
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18.09.26 - 16:54
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StanChart′s Englander Betting Against Yen ′Short-Term′ (Bloomberg)
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Steven Englander, global head of G10 FX research at Standard Chartered Bank, citing the strength of the US dollar and uncertainty about future rate-hiking commitments from the Bank of Japan, says that he wants to bet against the yen “short-term.” (Source: Bloomberg)...
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18.09.26 - 15:01
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BOJ Hikes Rate at Fastest Pace in More Than Three Decades (Bloomberg)
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The Bank of Japan raised its benchmark interest rate to 1.25% on Friday as it grapples with rising inflation and pressure from Washington. The move marks Japan's fastest pace of rate hikes in more than three decades. Aya Wagatsuma explains. (Source: Bloomberg)...
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18.09.26 - 14:31
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′The House Has Lost:′ Donovan on BOJ Decision, Bessent (Bloomberg)
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Paul Donovan of UBS Global Wealth Management joins Bloomberg's Guy Johnson on "Bloomberg Brief" to discuss his reaction to the BOJ raising its key interest rate and his thoughts on what's next for the Federal Reserve and Chair Kevin Warsh. (Source: Bloomberg)...
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18.09.26 - 14:12
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Yen Declines After BOJ Hike, US Said to Hold Off on New China Tariffs (Bloomberg)
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The yen extends its drop against the dollar after BOJ Governor Ueda gave mixed signals about future interest-rate hikes. The central bank lifted interest rates by a quarter point to 1.25%. The US is expected to hold off announcing new tariffs on China and other trading partners until after next week's summit between President Trump and President Xi Jinping. Bilfinger CEO Thomas Schulz discusses the company's trimmed outlook and planned job cuts. Paul Donovan of UBS Global Wealth Management discusses the BOJ rate decision. (Source: Bloomberg)...
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