The yen weakened to around 157.70 per dollar as traders priced only about a 30% chance of another BOJ rate increase in October.
The yen weakened for a third session on September 22, with the dollar around ¥157.70 as traders questioned how quickly the Bank of Japan can tighten again after last week's rate increase. Reuters reported markets were pricing about a 30% chance of another BOJ hike to 1.5% in October. The dollar index edged higher while the euro and SterlingSterling is a common name for the British pound, whose currency code is GBP. In market commentary, 'sterling' and 'the pound' generally refer to the same cur...Read More softened. Japan's holiday-thinned TradingTaking positions over a shorter horizon to capture price movement. The work is managing risk and decisions, not simply being right.Read More and intervention RiskRisk is the possibility that the actual outcome of a trade, investment, or financial decision differs from the expected outcome and causes a loss or other unwanted result. Risk...Read More limited the move, keeping USD/JPY near levels already drawing scrutiny from Japanese authorities.
