The Japanese Yen (JPY) strengthened sharply against its American counterpart and shot to over a two-week high on Thursday after the Bank of Japan (BoJ) board member Hajime Takata dropped the clearest hint of a looming rate hike.
LINK: https://www.federalreserve.gov/monetarypolicy/files/fomcminutes20240131.pdf Minutes of the Meeting of January 30–31, 2024: At the conclusion of the discussion, the Committee voted to direct the Federal Reserve Bank of New York, until instructed otherwise, to execute transactions in the SOMA in accordance with the following domestic policy directive, for release at 2:00 p.m.: “Effective February 1, 2024, the…