Japan’s coordinated yen-buying intervention with the U.S. and South Korea has heightened expectations of faster Bank of Japan rate hikes. Markets now price a 76% chance of a September hike, up sharply from 24%. With the yen weakening after initial gains, policymakers face pressure to tighten policy and reinforce currency stability.
Read more at the source
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and credits belong to the original authors and publishers.