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BOJ Reportedly Unlikely to Hike Rates Next Wk; USD/JPY Dips 0.3%
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Since Bank of Japan (BOJ) officials are still monitoring financial market volatility and the impact of the rate hike at the end of July, they believe there is no need to hike rates at next week's policy meeting, implying that the interest rate will remain unchanged at 0.25%, Bloomberg reported, citing sources. USD/JPY last dipped 0.3% to 143.517. It is reported that BOJ is considering recent market turmoil, including the historic plunge in the Nikkei 225 just days after the rate hike announcement, necessitating careful monitoring of the financial markets. AAStocks Financial News |
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