Bank of Japan holds policy rate steady at 1.0%! With US-Japan coordinated intervention, where does the yen go from here?
The Bank of Japan held its policy rate at 1.0% as Tokyo and Washington jointly bought yen for the first time since May. Paul Bratby tells Yicai the currency still needs a hawkish catalyst: “the market reads only one signal — we’re in no hurry.” Published in Simplified Chinese.