Dollar/yen at 155.74, hits a new high. Will there be a rate hike by the Bank of Japan?
【4/25Market Overview】
During Tokyo time, USD/JPY rose toward the high of the previous day as buying was observed toward the fixing, and with no intervention by the government or the Bank of Japan, expectations were that there would be no intervention during the Bank of Japan Monetary Policy Meeting, and USD/JPY briefly reached155.74yen. In European time, ahead of the BOJ meeting results, USD/JPY155.60yen moved little around.NYtime,1-3monthGDP(U.S. Gross Domestic Product) preliminary155.30yen declined. However,FRB’s important inflation gauge, the PCEcoreprice index, excluding food and energy, came in above expectations, pushing USD/JPY to155.74yen, a new high.
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