The Fed Isn't the Only Central Bank Making Moves. Japan's Yen Jumps Ahead of BoJ Decision.

The Fed Isn't the Only Central Bank Making Moves. Japan's Yen Jumps Ahead of BoJ Decision.·Barrons.com
In this article:

While markets are on edge on a historic Federal Reserve decision day, another central bank could also have a massive impact on stocks this week. Investors will be hoping it doesn't raise interest rates again, after a surprise hike in July unwound the so-called carry trade and sparked a bout of market turbulence. The Japanese yen climbed as much as 0.8% against the dollar on Wednesday, reflecting investors' belief that the Fed and BoJ are at different stages of their monetary policy cycles.

Advertisement