Global Market: Japan’s yen intervention puts BOJ in spotlight over rate hike path
· economictimes.indiatimes.com
Japans coordinated yen-buying intervention with the U.S. and South Korea has heightened expectations of faster Bank of Japan rate hikes. Markets now price a 76% chance of a September hike, up sharply from 24%. With the yen weakening after initial gains, policymakers face pressure to tighten policy and reinforce currency stability.
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