​Yen Plunges After Ueda Sees Little Urgency To Hike Rates As “Upside Risks To Inflation Are Easing” – Tyler Durden

Yen Plunges After Ueda Sees Little Urgency To Hike Rates As “Upside Risks To Inflation Are Easing” After a week full of central bank fireworks, at least there were no surprises from the Bank of Japan last night, which was in focus as it kept policy unchanged, as expected However, after initially rising, the yen tumbled more than 1% after Governor Kazuo Ueda proved less hawkish than many traders expected, especially after his dramatic hawkish pivot back in July when he not only hike rates but signaled an aggressive tightening campaign, crushing the yen carry trade in the process and…  — Continue at ZeroHedge News : Read More