Why is Yen Still Weak Despite the Bank of Japan’s Interest Rate Hike?

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The U.S. dollar hovered near a 10-day low on Tuesday after news of a preliminary U.S.-Iran agreement boosted investor confidence and reduced demand for safe-haven assets. Falling oil prices and hopes of a lasting ceasefire in the Middle East improved market sentiment, supporting global equities and risk-sensitive currencies. Meanwhile, the Bank of Japan raised interest [...] The post Why is Yen Still Weak Despite the Bank of Japan’s Interest Rate Hike? appeared first on Modern Diplomacy .