Will Bank of Japan Raise Rates to Defend Yen?

Will Bank of Japan Raise Rates to Defend Yen?

From youtube.com/bloombergquicktake

In March the Bank of Japan raised interest rates for the first time since 2007, as the widening chasm between US and Japanese interest rates engendered capital movements that have dragged the yen to a three-decade low. Will the Bank keep rates relatively low to maintain an acceptable level of inflation, or raise rates in order to halt a cratering yen?

Will the decision be announced tonight ? 24.05.2024 ?

BoJ puppets are waiting for demise of USD for natural recovery of JPY

They have to do something now Things are getting out of control for BOJ.

https://my.hfm.com/en/hfcopy/provider-details.html?provider=78024851

- Older Stories
US Jobless Claims Post Biggest Back-to-Back Drop Since September
From bnnbloomberg.ca|May 23, 2024
Initial applications for US unemployment benefits fell last week, remaining subdued as both demand for workers and layoffs ease. First-time claims decreased by 8,000 to 215,000 in ...
BOE Cancels All Public Statements Until After July 4 Election
From bnnbloomberg.ca|May 23, 2024
The Bank of England has cancelled all speeches and public statements by policymakers during the UK election campaign, according to a spokesman for the central bank. Essential ...
EIA: US gas inventories up by 78 billion cubic feet
From breakingthenews.net|May 23, 2024
Working gas in storage across the United States amounted to 2,711 billion cubic feet in the week ending May 17, according to a report released by the Energy Information ...

- Newer Stories
Foreigners Are Flocking into Turkish Lira Bonds at Record Pace
From bnnbloomberg.ca|May 23, 2024|1 comment
Foreign investors expanded their purchases of lira-denominated Turkish government bonds last week, notching the biggest monthly inflow into the country’s domestic debt on record. ...
Canadian Dollar Short-term Outlook: USD/CAD Rally at Trend Resistance
From forex.com|May 23, 2024
USD/CAD rallied 0.8% off technical support at the monthly lows with the recovery now extending into resistance at the April downtrend. Battle lines drawn as the bulls try to ...
Two-Speed Global Economy Vexes G-7 as Inflation Fades Unevenly
From bnnbloomberg.ca|May 23, 2024
A two-speed global economy skewed by US strength is overshadowing this week’s Group of Seven meeting as officials confront the prospect of less synchronized monetary policies. ...

Related Stories