Yen Wavers After Jiji Report That BOJ Set to End Negative Rates
- Currency sees brief gain after Jiji report on BOJ next week
- Report ‘has already been effectively zeroed out’: Monex
The Bank of Japan headquarters in Tokyo.
Photographer: Shoko Takayasu/BloombergThe yen got a brief boost Thursday from a report that the Bank of Japan is poised to end its negative rate policy next week, and then quickly surrendered the advance as traders lacked conviction around the central bank’s decision.
The view at the BOJ is strengthening that officials’ 2% inflation target has been sustainably achieved, although they’ll make a final decision later this week based on the final results of spring wage talks, Japanese news service Jiji reported without citing any sources for its information.