Multiple Rate Hikes News Today

Bank of America expects the USD/JPY exchange rate to rise to 147 by September due to factors such as no anticipated capital repatriation by Japanese investors, no clear indication of multiple rate hikes from the Bank of Japan, and reduced market volatility. Recent changes to the BoJ's Yield Curve Control are unlikely to significantly impact the exchange rate.

Outlook for This Week in the Nation’s Capital Congress. The House and Senate are both in recess for the rest of the year. The Senate is expected to return on Jan. 3, and the House on...