Central Banks Play Hard-To-Get With Interest Rates
Key Points
- Central banks like the Bank of Japan and Federal Reserve are...
Money doesn't grow on trees, but according to central banks, it apparently grows in committee meetings. As the Bank of Japan (BoJ) and Federal Reserve (Fed) continue their high-stakes policy poker game, forex traders worldwide are reaching for their antacids.
Japan's Economic Pickle
BoJ board member Toyoaki Nakamura, master of understatement, declared on May 16 that Japan needs a "cautious monetary policy approach." Translation: They're tiptoeing through an economic minefield while wearing lead boots. With the yen flexing at 145.40 against the dollar and US tariffs playing party pooper, J...
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