Free Trial

BOJ: JPY Ignores BBG Flagging No BoJ Hike Next Week, Already Weakest In G10

BOJ

BBG sources suggest that “Bank of Japan officials see little need to raise the benchmark rate when board members gather next week, as they’re still monitoring lingering volatility in financial markets and the impact of the July hike.”

  • There was a lack of meaningful movement in JPY pairs, explained by the fact that rates markets were already showing near 0 odds of a BoJ hike at the meeting.
  • JPY still on the defensive on the day, higher stocks and global yields pressuring the safe haven, which is trading lower vs. all G10 peers.
MNI London Bureau | +44 0203-865-3809 | anthony.barton@marketnews.com

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.