Hawkish BOJ remarks support yen, but rebound still elusive
Yen steadied after hawkish BOJ comments, including Gov. Ueda, reinforcing expectations for a rate hike this month. After trading above 160 per dollar, it fell back below the closely watched threshold, according to MUFG’s Lee Hardman.
The yen gets some support from hawkish comments from BOJ officials--including Gov.
Ueda--which reinforce market expectations for a rate hike this month, MUFG's Lee Hardman says.
After crossing 160 against the dollar, the yen is back below the closely-watched threshold.
Ueda's latest remarks at a G2…