Bank of Japan, Fed Rate Hikes Expected Same Week: Will Yen Rally?
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TOKYO: Japan's Nikkei Stock Average was generally flat on Wednesday, pending minor economic indicators and decisions from major central banks. The Nikkei Stock Average fell 0.03% to 63,462.01 in early morning trading, and is expected to fall for 4 consecutive days. Meanwhile, the TSE stock price index rose 0.79% to 4,069.02, and remained steady even after reaching the intraday high of 4,072.31. Investors have maintained a cautious stance ahead o…
Bank of Japan, Fed Rate Hikes Expected Same Week: Will Yen Rally?
Traders are bracing for a rare stretch of synchronized tightening this week, with the Federal Reserve and the Bank of Japan (BOJ) both leaning toward a rate hike within 48 hours of each other. The Fed announces its decision Wednesday afternoon, with futures markets pricing an over 80% chance of a...
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