Investing in Currencies

Investing in Currencies

Yen’s Dance: BOJ’s Deliberation on Stimulus Exit Tempers Currency Surge

The Japanese yen retreats to 142.5 per dollar as Bank of Japan's December meeting reveals discussions on exiting massive stimulus, signaling caution and a focus on the wage-inflation cycle. Governor Ueda hints at a rising likelihood of Japan's economy escaping low inflation but emphasizes a gradual approach to policy changes.HighlightsJapanese Yen Depreciation: The Japanese yen has weakened, slipping past 142.5 per dollar, indicating a depreciation from recent highs.Bank of Japan's December Meeting Summary: The easing of the yen is linked to the Bank of Japan's (BOJ) December meeting, where board...
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