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By Naomi Rovnick and Kevin Buckland LONDON, TOKYO (Reuters) – European stocks were on track to race ahead of Wall Street on Friday, with exporters’ shares in high demand as the continent’s major currencies dropped against a dollar standing tall on bets the U.S. Federal Reserve would keep interest rates high. Europe’s broad Stoxx share…
Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen as investors bet on higher-for-longer U.S. interest rates while the Bank of Japan remains wedded to its... -April 10, 2024 at 08:16 pm EDT - MarketScreener
Japanese authorities are facing renewed pressure to combat a sustained depreciation in the yen, as traders drive down the currency on expectations that any further interest rate hikes by the central...
The yen's fresh slide to a 34-year low complicates the Bank of Japan's deliberations on the timing of a next interest rate hike, as a resulting rise in import costs pushes up inflation but also hurts already weak consumption and the broader economy. If that weakness persists and discourages small firms from hiking pay, the central bank may prefer to wait at least until autumn before hiking, say five government officials and sources familiar with its thinking. The BOJ is seen raising this year's price forecast at the next meeting on April 26 and project inflation to stay near i...
Japanese Finance Minister Shunichi Suzuki said on Thursday that authorities would not rule out any steps to deal with excessive exchange-rate swings after the dollar surged to a 34-year high against... -April 10, 2024 at 07:29 pm EDT - MarketScreener