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USD/JPY. The Yen Was Weaker Than Expected. Will the Rise Continue?
Speed matters. Unlike the Federal Reserve,
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Speed matters. Unlike the Federal Reserve, which surprised investors with its intention to do more than they had expected, the Bank of Japan disappointed them. It raised the overnight rate from 1% to 1.25% for the third time in the past 10 months, marking the most aggressive monetary policy tightening cycle since 1990. However, this outcome was expected, while the presence of two dissenting members was not. This put pressure on the yen, and USD/JPY surged to its highest level
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Marek Petkovich,
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