"Yen Plummets to Historic Low as BOJ's Negative Rate Plan Unravels"
TL;DR Summary
The Japanese yen fell to a four-month low against the dollar following the Bank of Japan's historic rate hike, with the currency hurtling towards 151.00 per dollar. The Federal Reserve's policy statement and Chair Jerome Powell's press conference are in focus, potentially underscoring the "carry trade" dynamic and impacting major currencies. Meanwhile, China and Indonesia's central bank policy decisions are awaited, with expectations for unchanged rates in China and a potential cut in Indonesia in the second quarter.
- Morning Bid: Yen hurtles toward historic low, Fed in focus Reuters.com
- Negative-interest-rate era is over. Was it the ‘dumbest idea’ in economic history? MarketWatch
- Japan Ends the Negative Rate Mistake - WSJ The Wall Street Journal
- USD/JPY Forecast – US Dollar Takes Off After BoJ Yahoo Finance
- How the BOJ's plan for a smooth exit from negative rates unraveled Reuters.com
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