Bank of Japan rate hike fails to lift yen; USD/JPY hovers near 157

The Bank of Japan's rate increase did not support the yen, with USD/JPY approaching the 157 level and trading in a high range, according to a Chinese FX market report. Japanese markets face a three-day holiday that will thin liquidity, raising the question of whether a repeat of the "11.7 trillion" intervention episode is possible.

Detected & updated continuously · Source: Nebula