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The Economic Times
The Economic Times
Business

UNBELIEVABLE: Yen steady before boj ai jitters drive treasury rally weigh on dollar | History Defined

The yen was steady on Friday ahead of the Bank of Japan's policy decision, while the dollar tracked Treasury yields lower as a fresh wave of selling in AI shares triggered a flight to safety.

The BOJ is set to keep interest rates on hold at 1.25% in a widely anticipated move despite elevated inflation pressures, with a hawkish tone expected and markets pricing in about an 80% chance of a December hike.

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