Yen Strengthens After Bank of Japan Raises Rates
The Bank of Japan hiked interest rates to 0.5%, the highest level since October 2008, and pledged to raise rates further if the economy and inflation continue in line with projections. The bank’s pledge to seek more rate hikes sent Japanese government bond yields higher and boosted the yen.
Markets rose Friday after a record day on Wall Street in response to Donald Trump's tax-cut pledge, while the yen ...
TOKYO --The Japanese yen rose against the U.S. dollar on Friday after the central bank lifted interest rates as expected at ...
BOJ’s 0.25% rate hike led to a stronger Yen and higher gold prices. Find out why another hike could fuel more carry trade activity and gold gains.
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