empty
 
 

24.08.202602:51:35UTC+00Japanese Yen Stays Range-Bound

The Japanese yen held steady around 158.9 per dollar on Monday, supported by rising expectations of an early interest rate hike by the Bank of Japan. Markets are now assigning roughly an 82% probability to a rate increase in September, a sharp jump from about 23% before the BOJ’s July meeting. The widely anticipated move would lift the policy rate to 1.25% from the current 1%.

Investors are closely watching a speech by Deputy Governor Ryozo Himino on Thursday for further signals on the timing and pace of monetary tightening, as the recent acceleration in Japanese inflation has strengthened expectations for continued policy normalization. At the same time, broad weakness in the US dollar—driven by concerns over the US Treasury’s expanded long-term bond buyback program—has further bolstered demand for the yen.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $1000 more!
    In August we raffle $1000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback