Why the BOJ’s Loudest Hawkish Signal Yet Couldn’t Lift the Yen
The BOJ spent August sounding like a central bank itching to raise rates, yet USD/JPY kept knocking on 160. That disconnect isn’t as strange as it looks once you dig into the forces still favoring the dollar. Here’s why increasingly hawkish signals haven’t been enough to turn the yen around. What Has the BOJ Been Saying? August was an…











