Dollar gains against yen as Bank of Japan hints at tightening policy

From Investing.com: 2024-11-17 20:47:31

The dollar rose against the yen after Bank of Japan Governor Kazuo Ueda hinted at further policy tightening, but left timing uncertain. The market remains unsure if a hike will come in December, with a 54% chance priced in. Ueda’s speech was the first since Trump’s election, prompting speculation on a rate hike. The dollar edged up to 155.09 yen. The euro steadied at $1.0543. The dollar index held at 106.660. Analysts foresee a 5% appreciation for the dollar by the end of 2025 due to Trump’s policies. Markets await Trump’s Treasury Secretary pick and potential Fed rate cuts. European Central Bankers are also speaking this week, with important inflation reports due in the UK, Japan, and Canada. Manufacturing surveys will provide insight post-U.S. election sentiment.



Read more at Investing.com: Dollar firms against yen as BOJ leaves open timing of hikes By Reuters