The previous appreciation of the yen was due to institutiona...
The previous appreciation of the yen was due to institutional investors' dollar-yen positives settling. The yen interest rate difference will accelerate excessively if the interest rate difference between the Bank of Japan and the Fed narrows at the same time, so the Bank of Japan will not raise interest rates before the Fed's interest rate cut is announced in September, so I wonder if it's adjusted by looking at the 120-day average...
Uchida, Deputy Governor of the Bank of Japan, will not raise interest rates when the market is unstable
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