Yen steady before BOJ, AI jitters drive Treasury rally, weigh on dollar
HONG KONG: The yen was steady on Friday ahead of the Bank of Japan’s policy decision, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety. The BOJ is set to keep interest rates on hold at 1.25%...
HONG KONG: The yen was steady on Friday ahead of the Bank of Japan’s policy decision, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety. The BOJ is set to keep interest rates on hold at 1.25% in a widely anticipated move despite elevated inflation pressures, with a hawkish tone expected and markets pricing in about an 80% chance of a December hike....