What’s happening: AUD led the major currencies Friday while Yen was weakest. The BoJ hiked its policy rate 25bp to 1.25%, its highest since 1995, on a 7–2 vote, yet Yen weakened past 157 against Dollar, JGB yields fell and Nikkei rose. The RBA made no rate decision, but Governor Michele Bullock testified that “inflation […]
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