BoJ officials remain open to a hike next week depending on data, market developments – Bloomberg
Citing people familiar with the matter, Bloomberg reported on Wednesday that the Bank of Japan (BoJ) policymakers see little cost to waiting for the next rate hike.
Some BoJ officials remain open to a hike next week depending on data and market developments, the sources said.
According to the sources, the BoJ officials see less risk of a weak Yen pushing up inflation.
Market reaction
Following these headlines, the Japanese Yen came under intense selling pressure, driving USD/JPY back above 152.50. The pair is up 0.41% on the day, as of writing.
Japanese Yen PRICE Today
The table below shows the percentage change of Japanese Yen (JPY) against listed major currencies today. Japanese Yen was the weakest against the US Dollar.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.24% | 0.33% | 0.41% | 0.11% | 0.60% | 0.53% | 0.18% | |
| EUR | -0.24% | 0.09% | 0.18% | -0.13% | 0.35% | 0.29% | -0.07% | |
| GBP | -0.33% | -0.09% | 0.08% | -0.23% | 0.26% | 0.19% | -0.18% | |
| JPY | -0.41% | -0.18% | -0.08% | -0.31% | 0.17% | 0.10% | -0.26% | |
| CAD | -0.11% | 0.13% | 0.23% | 0.31% | 0.49% | 0.42% | 0.06% | |
| AUD | -0.60% | -0.35% | -0.26% | -0.17% | -0.49% | -0.07% | -0.43% | |
| NZD | -0.53% | -0.29% | -0.19% | -0.10% | -0.42% | 0.07% | -0.37% | |
| CHF | -0.18% | 0.07% | 0.18% | 0.26% | -0.06% | 0.43% | 0.37% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Japanese Yen from the left column and move along the horizontal line to the US Dollar, the percentage change displayed in the box will represent JPY (base)/USD (quote).
Author
Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.
