Dollar inches up on yen as BOJ stays vague on hike timing

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SYDNEY : The dollar rose against the yen on Monday after Japan's top central banker flagged further policy tightening ahead but left open the question of timing, leaving the market no clearer on whether a move would come next month.

This was his first opportunity to speak directly on monetary policy since Donald Trump's victory in the U.S.presidential election on Nov.5, leading investors to wonder if he would be more specific on the prospects for a hike.

That left the market pricing in a 54 per cent chance of a quarter-point hike at the next policy meeting on Dec.19, little changed from before the speech.

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Category: EconomyBusiness

Markets: SingaporeCanadaJapan

Topics: Cuts Dollar Trump Week Japan Bank Market Continue Central Cent Policy

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Article Type: News Report

Published On: 2024-11-18 @ 07:12:26 (9 hours ago)

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Article Length: 752 words

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Sentences: 23 lines

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