Yen Weakens Despite BOJ Hiking Rate to Highest Level Since 1995
Yahoo Finance·2025-12-19 17:54
The yen weakened past 157.10 against the dollar after Ueda spoke, suggesting that traders were looking for stronger messaging around further hikes ahead. It was trading around 155.80 before the decision.“The decision statement describes rates as “at significantly low levels,” even as they edge toward the BOJ’s 1% estimate for the lower bound of neutral. That suggests the bank now sees neutral as higher, giving it room to tighten further.”“Of course it would be great if we can have a better idea of where the ...