South African Rand Weekly Market Update: Rand/Yen in Focus Ahead of Japanese and U.S. Monetary Policy Meetings — Breaking News

The story

The rand weakened against the yen from the 7th through the 11th, with the rand/yen rate falling to ¥9.53.

While elevated crude oil prices capped the rand's upside, the yen was bought amid growing expectations of a Bank of Japan rate hike.

Going forward, the monetary policy meetings of the Bank of Japan and the Federal Open Market Committee (FOMC) are expected to be the focus, and attention is turning to developments in the foreign exchange market.

At a glance

Level movementThe rand weakened and the yen strengthened, with the rand/yen rate falling to around ¥9.53 in trading from the 7th to the 11th.

Background factorsElevated crude oil prices and growing expectations of a Bank of Japan rate hike were cited as factors driving yen strength.

FocusThe monetary policy meetings of the Bank of Japan and the U.S. are expected to be the focus going forward.

Reference information. Every claim resolves to something the story actually named.

What it links to

Policy Rate Hikes and the Transition to an Interest-Bearing WorldRelated1 companies

8550+3.6%

THE TOCHIGI BANK,LTD.The Transition to a World of Positive Interest Rates and Higher Policy Rates

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