BOJ Inflation Target Signal Supports Yen Gains, Strategists Say
The yen broadly held its gains after the Bank of Japan left its benchmark rate unchanged in an 8-1 vote, while signaling underlying inflation had reached its 2% target and...
By Atsuko Fukase and John Cheng · Bloomberg Markets
The yen broadly held its gains after the Bank of Japan left its benchmark rate unchanged in an 8-1 vote, while signaling underlying inflation had reached its 2% target and opening the door to a December hike. The BOJ also accelerated the pace of ETF sales to about ¥860 billion ($5.5 billion) a year.