Japanese Yen futures rally ahead of Bank of Japan rate decision
Japanese Yen futures gained upward momentum, rallying in four of the last five sessions and climbing 4.45% above the September low. The move reflects expectations for a potential 25 bps rate increase at the Sept. 18 Bank of Japan meeting.
45% above the September low. The move comes as traders look for a possible 25 bps rate increase at the Bank of Japan’s Sept. 18 meeting. S.
Treasury, including the July 31 yen intervention funded through euro reserves, as a factor shaping the currency’s path. The softer second-quarter GDP revision has not changed broader expectations that economic conditions will not block further rate increases.