TODAY'S MARKET INTELLIGENCE
BOJ Hawkish Signal Supports Yen; USD/JPY Falls Below 157.50
English summary
The BOJ held rates but signaled strong future hikes, raised inflation forecasts, and accelerated ETF sales, boosting the yen. Combined with weak US tech earnings and reduced Middle East safe-haven demand, USD/JPY fell below 157.50. Markets price an ~80% chance of a December hike, though the wide US-Japan rate spread limits further yen upside.
The English text is machine translated and may require verification against the Chinese version.
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