He yen reached a maximum of eight weeks in front of the dollarafter a member of the Monetary Policy Board of the Bank of Japan advocate Continue to raise interest rates.
At the same time, the dollar was close to its lowest level since the beginning of last week in front of a foreign exchange basket that includes Yen, and Investors began to consider the possibility of avoiding a world trade war.
The sterling pound retraced from its maximum of a monthsince the bank of England is expected to cut the types in a quarter quarter throughout the day.
He Australian dollar It was weakened after knowing that the country’s trade balance had deteriorated considerably.
Banco de Japan: A rise in interest rates is expected
The Yen was strengthened up to 151.81 per dollar, the highest level since December 12, in the morning of Tokyo, after Naoki Tamura, of the Bank of Japan, said that The Central Bank must rise to the types at least to a level around 1% in the second half of fiscal year 2025, with risks for prices.
The Japanese currency was changed to 152.45 per dollar, 0.1% more than the previous day, After cutting part of your initial profits after Tamura clarified that she was not referring to the neutral type should be 1%.
“Tamura is known for being a ‘hawk’ (supporter of a monetary tightening)”, although his comments initially “lit the Yen’s lengths,” said Shoki Omori, head of Mizuho Securities.
At the same time, “The main factor for yen to enrich is geopolitics,” omori added. “I think there are more things to come from Potus who make markets nervous,” he said, referring to the president of the United States, Donald Trump.
The market currently sees around 98% probabilities of a type rise in the box of a quarter to September.
Meanwhile, A fourth fed quarter cut is totally discounted for Julyand the markets expect a total of 45.3 basic points of reductions for the December meeting, according to LSE data.
The next great evidence for the perspectives of the US monetary policy are the monthly figures of the US payroll report, which will be published on Friday.
Source: Ambito
I am an author and journalist who has worked in the entertainment industry for over a decade. I currently work as a news editor at a major news website, and my focus is on covering the latest trends in entertainment. I also write occasional pieces for other outlets, and have authored two books about the entertainment industry.
