Market News
Yen gains as some BOJ policymakers see rate hike soon - REUTERS
- Summary
- Japanese yen rises from 5-month low
- Some BOJ policymakers more confident in rate hike
- Fed expected to slow rate cuts next year
NEW YORK, Dec 27 (Reuters) - The Japanese yen rose off a five-month low against the dollar on Friday after a summary of opinions from the Bank of Japan’s December policy meeting showed some policymakers gaining confidence in an imminent rate increase, while the Japanese central bank also cut its monthly bond purchases.
Some Bank of Japan policymakers saw conditions falling into place for an imminent rate hike, with one predicting a move in the near future, keeping alive the chance of a January hike.
