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.

The Bank of Japan's September gathering ends connected Friday. Investors volition beryllium hoping it doesn't rise involvement rates again, aft a astonishment hike successful July unwound the alleged transportation trade and sparked a bout of marketplace turbulence.

The Japanese yen climbed arsenic overmuch arsenic 0.8% against the dollar connected Wednesday, reflecting investors' content that the Fed and BoJ are astatine antithetic stages of their monetary argumentation cycles. When Japan's involvement rates are higher than the U.S.'s, that boosts the comparative entreaty of the yen versus the greenback for overseas investors seeking retired higher yields.