USD/JPY (JPYUSD=X)
| Previous Close | 0.0066 |
| Open | 0.0066 |
| Bid | 0.0065 |
| Day's Range | 0.0065 - 0.0066 |
| 52 Week Range | 0.0062 - 0.0072 |
| Ask | 0.0065 |
BloombergBOJ still on track for more rate hikes after standing pat
(Bloomberg) -- The Bank of Japan kept its benchmark interest rate unchanged while sticking to its view that it’s on track to achieve its inflation target, an outlook that points to the possibility of another rate hike in the coming months.Most Read from BloombergChicago Mayor Seeks Property Tax Hike, Breaking Campaign VowIs Denver’s Big Bet on E-Bikes Paying Off?NY Transit Agency Takes Next Step on Brooklyn-Queens Rail LinkThere Will Soon Be No Meatpackers Left in NYC’s Historic Meatpacking Dist
Barrons.comYen Weakens After Japan Election Shock
The Japanese yen fell to a three-month low early Monday after the country’s ruling party lost its majority following a snap election by new Prime Minister Shigeru Ishiba. The coalition led by the Liberal Democratic Party won 215 seats, falling short of the 233 needed for a majority. The result and ensuing political situation could ease the pace of Japan’s interest-rate hikes.
