• TRM (USD/COP)COP 3,235.59 +1.65% +COP 52.60Colombia's official exchange rate (Financial Superintendence), valid Nov 4 to Nov 4
  • EuroCOP 3,617.08 +1.72% +COP 61.02Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote
  • Mexican pesoCOP 173.98 +3.35% +COP 5.64Reference: TRM crossed with the European Central Bank rate of Nov 3; not the market quote

USD/JPY hovers near 158 ahead of Fed and Bank of Japan meetings, with Tokyo intervention risk in focus

FinanceInternationalXTB.com40 s readAI summary
Image: XTB.com

The USD/JPY pair trades around 158 on October 27, ahead of the Federal Reserve and Bank of Japan meetings. Markets do not expect rate hikes in October, but services inflation in Japan, with services producer prices up 3.7% year on year, strengthens the case for further tightening. The BoJ would keep rates at 1.25% and a hike to 1.50% in December remains a possibility. Finance Minister Satsuki Katayama reiterated that the government is watching the market and will act if necessary.

In 40 seconds

  • USD/JPY trades near 158 ahead of the Fed decision (October 28) and the BoJ decision (October 30).
  • The BoJ would keep rates at 1.25%, but a hike to 1.50% in December remains an option according to the text.
  • Japan's services producer prices accelerate to 3.7% year on year, supporting further hikes.
Read the full story at XTB.com

IASummary generated by artificial intelligence from a story by XTB.com. It may contain errors: the original source prevails.

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