Interest rate decision in Japan
March 19, 2024
The Bank of Japan announced a historic rate hike at 4:36 a.m. CET.
The Bank of Japan can’t take it anymore and is responding to the slowdown of the economy with a drastic step. This move could bring significant volatility to the foreign exchange and bond markets. The Japanese yen (JXY) is down 0.9% since dawn and the US dollar (DXY) is up 0.36% at time of writing (10:21 CET).
The markets are eagerly awaiting the opening of the US market today, as well as the FED interest rate decision on Wednesday.
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