WS #13120
BOJ intervened to defend yen near 160 (USD/JPY 164→158→160.5), held rates at 1% (8-1), with hawkish signals and risk of carry-trade unwind. Eurozone CPI rose to 2.9% (core 2.5%) in July, driven by energy (+10%), lifting ECB September hike odds to ~85% and pressuring European bonds.
BOJ intervention and yen carry-trade risk
BOJ intervened to defend yen near 160 (USD/JPY 164→158→160.5), held rates at 1% (8-1), with hawkish signals and risk of carry-trade unwind.
Eurozone CPI rose to 2.9% (core 2.5%) in July, driven by energy (+10%), lifting ECB September hike odds to ~85% and pressuring European bonds.