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Market Impact: 0.35
Yen Weakens as BOJ Summary Damps Bets for Back-to-Back Rate Hike
Source: Bloomberg
Monetary PolicyCurrency & FXInterest Rates & Yields
The yen weakened against the U.S. dollar after the Bank of Japan's September meeting summary failed to signal that policymakers are preparing another interest-rate move this month. The lack of a clearer hawkish indication disappointed investors positioned for further BOJ normalization, pressuring the currency.
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