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Yen strengthens past ¥150 against dollar on BoJ rate rise expectations

Financial Times LogoFinancial Times14h ago

Yen strengthens past ¥150 against dollar on BoJ rate rise expectations - Financial Times

Quick Summary:

But if the pace of yen appreciation were now too rapid, that could prevent the BoJ from opting for a rate increase in December, Goto said.

Yujiro Goto, a currency strategist at Nomura, said that while bets against the yen had built up after the US election, many of those positions had been unwound ahead of Thanksgiving.

He added that the BoJ might be reluctant to raise rates if the yen strengthened to ¥146 against the dollar.


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Article Details

Author / Journalist: Leo Lewis

Category: MarketsFinanceInvesting

Markets:

Topics:

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-29 @ 05:53:16 (14 hours ago)

News Timezone: GMT -5:00

News Source URL: ft.com

Language: English

Article Length: 467 words

Reading Time: 3 minutes read

Sentences: 20 lines

Sentence Length: 24 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Financial Times

News ID: 23940666

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Main Topics: MarketsFinanceInvesting

Official Website: ft.com

Update Frequency: 16 posts per day

Year Established: 1888

Headquarters: United States

News Last Updated: 8 hours ago

Coverage Areas: United States

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Publication Timezone: GMT -5:00

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Publisher ID: #3

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