The Bank of Japan raised its policy rate by 25bp from 1.00% to 1.25%, its highest level since 1995, but the 7–2 vote exposed a widening political and policy divide over further normalization. The increase, effective September 24, was widely anticipated. Yen weakened after the announcement while the 10-year Japanese government bond yield fell, suggesting […]
The post BoJ Raises Rate to 1.25%, Yet Dovish Dissents Cloud Next Move appeared first on ActionForex.
TL;DR: USD/JPY is testing 157.11 as one widening policy differential, not two separate stories—the Fed is accelerating into a new tightening phase while the BoJ’s divided vote reduced the odds of a back-to-back hike, both Read more…
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