TODAY'S MARKET INTELLIGENCE
Ueda's 'No Options Excluded' Fails to Support Yen Amid US-Japan Rate Gap and Intervention Risks
English summary
The Bank of Japan raised rates to 1.25% last week, but voting dissent weakened hawkish expectations, pushing USD/JPY near 157.60. Markets are wary of intervention risks following rate checks by Japanese authorities, while Fed Governor Collins' hawkish stance supports the dollar. OCBC sees short-term yen pressure but notes strengthening BOJ tightening intent for the medium term.
The English text is machine translated and may require verification against the Chinese version.
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