Yen’s holiday trading risks after Bank of Japan rate guidance
Bloomberg says the yen was vulnerable to sharp moves and further declines, with a three-day holiday expected to reduce trading liquidity in Japan.
TLDR
Bloomberg said on September 20 that the yen was vulnerable to sharp moves and further declines. A three-day holiday in Japan was set to reduce trading liquidity, while investors were disappointed that the Bank of Japan had not offered stronger guidance on the pace of future interest rate hikes.
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