TODAY'S MARKET INTELLIGENCE
BOJ Hawkish Comments Support Yen; Fed Silence Pressures USD
English summary
BOJ Policy Board member Junko Koeda's hawkish remarks, stating the central bank should not be overly cautious about raising rates and that the neutral rate is significantly above 1%, pushed USD/JPY down to around 157.80. Meanwhile, Fed Chair Warsh's refusal to provide forward guidance pressured the dollar, though US September PPI rising 6.3% YoY (above expectations) may limit further USD declines.
The English text is machine translated and may require verification against the Chinese version.
Browse today's intelligence