Explore the dynamics of the USD/JPY as the yen strengthens amidst Japan's potential shift from negative interest rates, affecting major currencies and market expectations.
New Zealand’s central bank has kept interest rates unchanged for a fourth straight time, maintaining the cash rate 5.5%. The hawkish tone of the meeting sent the New Zealand dollar sharply higher and equity markets significantly lower.
Bank of England governor Andrew Bailey warned today that getting inflation down to target will be ‘hard work’ and pushed back against market expectations of interest rate cuts in the ‘foreseeable future’.
