Mumbai, April 29 -- The Japanese yen is walking a tightrope, hovering close to the psychologically crucial 160-per-dollar level, as markets digest signals from the Bank of Japan. Despite keeping rates unchanged at 0.75%, the tone was anything but passive. Governor Kazuo Ueda struck a cautiously hawkish note, reinforcing that gradual rate hikes remain on the table as inflation risks build-fueled in part by geopolitical tensions linked to the Iran war. What's turning heads is the growing divide within the BOJ itself: 3 out of 9 policymakers already favor tightening, signaling rising urgency to act. With inflation heating up and growth cooling, the yen now sits at a crossroads, where policy decisions and intervention threats could shape its ...
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