TODAY'S MARKET INTELLIGENCE
BOJ Hawkishness and Fed Silence Drive USD/JPY to 157.80
English summary
USD/JPY fell to around 157.80 as BOJ member Junko Koeda signaled against excessive caution in rate hikes, supporting the yen. Fed Chair Warsh's refusal to provide forward guidance pressured the dollar, though a stronger-than-expected US September PPI (6.3% YoY) may limit further declines.
The English text is machine translated and may require verification against the Chinese version.
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