Yen gains after NHK reports 🏛️

4:35 PM 30 July 2024

The USDJPY reduce morning's gains after NHK (Japanese public media organization) reports that the Bank of Japan will consider an additional interest rate hike, including raising interest rates to around 0.25% at tomorrow's BoJ meeting. Interest rates currently stand at 0.10%, which would imply an increase of 15 basis points (0.15%).

Source: xStation 5

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