Bank of Japan meeting results are delicate for yen, focus is on FOMC - market stakeholders' views
2024/7/31 16:19 JST (some excerpts)
Although the Bank of Japan announced additional interest rate increases and government bond purchases at the monetary policy meeting on the 31st, long-term policy management policies were not clarified, and the yen exchange rate in the Tokyo Foreign Exchange Market fluctuated greatly. According to analysts and strategists, future focus has shifted to trends in the Federal Open Market Committee (FOMC), which determines US monetary policy.
Although the Bank of Japan announced additional interest rate increases and government bond purchases at the monetary policy meeting on the 31st, long-term policy management policies were not clarified, and the yen exchange rate in the Tokyo Foreign Exchange Market fluctuated greatly. According to analysts and strategists, future focus has shifted to trends in the Federal Open Market Committee (FOMC), which determines US monetary policy.
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