Fed rate-hike expectations increase pressure for a hawkish BOJ
Daiwa analyst Eiji Kinouchi says the Fed’s dot-plot signaling strengthens expectations for a BOJ rate hike and hawkish guidance on Friday, though concerns are rising.
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Dollar falls over 2% against yen as rate-gap narrows
The dollar fell over 2% against the yen Thursday, its steepest one-day drop since late-July intervention, as Japan rate expectations and narrowing yield gaps pressured USD/JPY to 155.48.