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BOJ Prepares 25 Bps Rate Hike to 1.25%, Pushing Yen Sharply Higher

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The Story

News Summary

  • The Bank of Japan is set to raise its policy interest rate by 25 basis points to 1.25% at its upcoming September meeting.
  • Strong export data and persistent inflation near the 2% target are prompting officials to accelerate normalization, strengthening expectations for further rate hikes.
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USDJPY price history

153.55 -1.15% over the displayed period

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