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Market move● Neutral for Indian equities
Japanese Yen weakens as BOJ summary damps bets for back-to-back rate hike
The brief
- The yen weakened 0.5% to 158.21 against the dollar after a BOJ meeting summary
- The summary damped expectations for back-to-back rate hikes
- EXCLUSIVE: Japan top FX diplomat urges markets to heed 'very clear' warning on yen
- Japan’s two-year government bond yield nears 2% amid BOJ rate-hike bets
- Bank of Japan debated need for faster rate hikes, July minutes show
- Yen gains after Japan’s finance minister signals readiness for bold action
- Japan’s falling bond prices stall repatriation rush