Why Japan’s Rate Hike and Intervention Failed to Boost the Yen
The Japanese yen rose on Monday following comments from Bank of Japan Governor Kazuo Ueda suggesting the possibility of near-term interest rate hikes. Despite the central bank raising rates to a three-decade high and the government deploying 11.7 trillion yen ($72.8 billion) in foreign reserves to support the currency, the yen remains near the 160 … Read more
