BoJ's Rate Freeze Sends Yen Into Freefall as Trump's Tariffs Bite
Key Points
- The Bank of Japan keeps its interest rate at 0.5%, causing t...
While central bankers worldwide are playing monetary policy hardball, Japan's financial maestros are still stuck practicing their bunts. The Bank of Japan (BoJ) has once again demonstrated its commitment to moving at the speed of a snail wearing ankle weights, keeping its benchmark interest rate firmly anchored at 0.5%.
Yen Takes a Nosedive, Traders Need Dramamine
The market's reaction was about as gentle as a sumo wrestler doing a cannonball - the yen promptly nosedived 0.3% to 143.48 against the greenback, kissing goodbye to its four-month winning streak. Traders who had been cozying up...
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