1016 GMT - The Japanese yen extends its losses against the dollar after the Bank of Japan raised interest rates by 25 basis points to 1.25% but its signals about further tightening failed to meet lofty expectations. Governor Kazuo Ueda struck a careful balance in his press conference, HSBC economists say in a note. While Ueda indicated future rate rises, he had no specific pace in mind, they say. "We therefore maintain our baseline view that the BOJ will pause until the first quarter of 2027, when we expect a further 25 basis-point hike to lift the policy rate to 1.50%." The dollar rises 1.2% to a two-week high of 158.05 yen, according to LSEG.
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.