Yen slides past ¥156/dollar ahead of BOJ decision, pressuring bank to hike to 1.25%

The yen fell past ¥156 per dollar, undermining recent US-Japan efforts to support the currency and adding pressure on the Bank of Japan ahead of its Sep 17-18 meeting, where markets expect a 25bp hike to 1.25%, a 31-year high. A faster tightening path from Governor Ueda could accelerate carry-trade unwinds.

Detected & updated continuously · Source: Nebula