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Abstract:The yen fell more than 1% against the dollar on October 28 after the Bank of Japan bucked the trend among other major central banks and stuck with ultra-low interest rates, while the greenback firmed after U.S. data showed inflation was still running hot.
WikiFX is going to hold a two-day “Wiki Finance EXPO Asia 2022”at Asia World-Expo on December 16-17, 2022, from 9am to 6 pm. As the world's largest financial expo for enterprises and end users, WikiExpo is going to be held in Asia for the 7th time. The expo will be attended by more than 1,500 exhibitors and hundreds of world-renowned analysts and KOLs.
The yen fell more than 1% against the dollar on October 28 after the Bank of Japan bucked the trend among other major central banks and stuck with ultra-low interest rates, while the greenback firmed after U.S. data showed inflation was still running hot.BOJ Governor Haruhiko Kuroda said Japan was nowhere near raising rates. And the yen fell as much as 1.07% in aftermath of the BOJ's decision.
The BoJ still carries the baton as the most accommodative G7 central bank. The yen has fallen to its lowest level in more than three decades amid high inflation and easy interest rates, which has caused a flood of foreign capital to stay away from Japan. BOJ has even intervened to stabilize the yen itself. But can the BOJ stand pat in the face of inflation and capital outflows?Can demand-led inflation be achieved?Will the yen continue to hit record lows? How to seize the opportunity to invest in the yen and Japanese assets? Wiki Finance EXPO Asia 2022 is here for your interpretation.
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