“BOJ divided on rate hike timing” – USD/JPY pops a little higher on the session

November 11, 2024
-Currencies, FCHFX

November 11, 2024 at 12:24AM
The Bank of Japan Summary is here from earlier:

BOJ Summary (Oct.): Yen’s depreciation has significant effects

Reuters have a brief recap up, with the headline:

BOJ divided on rate hike timing, October summary shows

Highlighting:

“The Bank should consider further rate hikes after pausing to assess developments in the U.S. economy,” one member was quoted as saying

Another member, however, said the BOJ must “take time and exercise caution” when raising rates, the summary showed.

Seems like a bit of a strain to post a headline about, but that’s what’s being taken from the Summary.

USD/JPY update:

This article was written by Eamonn Sheridan at www.forexlive.com.

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