Yen's Revenge: Dollar Takes a Nosedive as Japan Flexes Its Monetary Muscles
Key Points
- The USD/JPY has plummeted to 149.29, causing panic among for...
As the mighty dollar stumbles below the 150 yen mark today, forex traders are frantically googling "how to say 'ouch' in Japanese." The USD/JPY pair's dramatic descent to 149.29 marks a pivotal moment that has currency desks worldwide reaching for their anxiety medication.
Bank of Japan: From Zero to Hero?
The Bank of Japan, traditionally as predictable as a vending machine, is suddenly showing signs of life. JGB yields have skyrocketed to levels not seen since 2009, suggesting Japan's central bankers might finally be ready to wake up from their 15-year monetary policy nap. Governor Ueda, u...
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