Yen Weakens as BOJ Summary Damps Bets for Back-to-Back Rate Hike
The Japanese yen weakened against the dollar following a summary of the Bank of Japan's September meeting. Investors were disappointed by a lack of signals regarding potential interest rate hikes.
The yen weakened against the dollar after a summary of opinions from the Bank of Japan’s September meeting disappointed investors looking for signs that policymakers may be preparing for another move this month.
READ NEXT
More on the wire
AI TLDR
The Democratic Women’s Caucus criticized the Trump administration's rollback of Title IX protections while expressing support for a student who accused seven men of rape at a Cornell University fraternity.
AI TLDR
A survey by a conservative group indicates that Republicans hold a narrow lead over Democrats regarding cost-of-living concerns among swing voters in several key states.
AI TLDR
GOP Senate candidate Ken Paxton reportedly told donors that President Trump’s midterm convention negatively impacted his political standing.