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Back Fundamental analysis
The Yen Regains Its Strength
The Bank of Japan, under Kazuo
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The Bank of Japan, under Kazuo Ueda, voted 7–2 to raise its key interest rate to 1.25%, just three months after the June move. This was the fastest pace of tightening since 1990. In theory, such decisiveness should have strengthened the yen. Instead, USD/JPY surged higher like a compressed spring, while the meeting summary disappointed investors who had been waiting for hints of another move as early as this month.Central Bank Rate Dynamics A negative factor for
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Marek Petkovich,
Analytical expert of InstaForex
© 2007-2026
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