Yen Mostly Edges Higher as Traders Await BOJ Himino's Speech
Dow Jones
4 hours ago
0020 GMT - The yen strengthens slightly against most other G-10 and Asian currencies as traders await BOJ Deputy Governor Himino's speech later today. Himino is scheduled to meet with local leaders in Saitama, Japan. "His speech will provide an opportunity for the BoJ to validate or push back against market expectations for a 25bp interest rate hike in September," CBA's Carol Kong says in a research report. Himino may signal an imminent rate hike by emphasising upside inflation risks or the need to avoid falling "behind the curve," the economist and currency strategist says. The U.S. dollar edges 0.1% lower to 159.15 yen and the euro is 0.1% lower at Y185.49, while the Australian dollar is little changed at Y114.16, LSEG data show.
At the request of the copyright holder, you need to log in to view this content
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.