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US dollar steady on higher-for-longer rates outlook; yen volatile
The dollar held firm on Friday as investors braced for U.S. interest rates to be higher for longer, while the yen was volatile, with incoming Bank of Japan Governor Kazuo Ueda saying it was appropriate to maintain an ultra-loose monetary policy. Ueda, who was nominated earlier this month in a surprise move, warned that uncertainties regarding Japan's economic recovery remained "very high", warranting the BOJ maintaining its ultra-loose monetary policy. The yen was volatile on the day and swung between gains and losses against the dollar as investors parsed through the comments from Ueda, who was speaking at the lower ... (full story)
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- Posted: Feb 24, 2023 12:03am
- Submitted by:Category: Fundamental AnalysisComments: 0 / Views: 1,044
