Barclays: Fed decision makes Bank of Japan hike nearly unavoidable as yen drops 1.1%

  • Barclays says the Fed decision makes a Bank of Japan rate hike nearly unavoidable.
  • More than 1.1%: the yen’s decline since the Federal Reserve decision.
  • The dollar gained 0.7% against currencies of major trading partners after the decision.

The Federal Reserve’s rate-hike decision has made a Bank of Japan rate increase nearly unavoidable, according to Mitul Kotecha, Barclays’ head of Asian foreign exchange and emerging-markets macro strategy. The yen has weakened more than 1.1% since the Fed decision, while the dollar has gained 0.7% against the currencies of major trading partners.

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Barclays: Fed decision makes Bank of Japan hike nearly unavoidable as yen drops 1.1% - CoinPost Terminal