Yen Rises to Post-Bessent/BOJ Highs; Intervention Unconfirmed
- 1The yen climbed to its highest levels since the Bessent/BOJ events on steady buying.
- 2Swap markets already price in a 25bp hike at the BOJ's September meeting, with a 50bp move seen as unlikely.
- 3Strength began after board member Takata's remarks on the possibility of large and consecutive hikes, though there has been no official comment from authorities.
This 3-line summary is compiled from the report below.
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