BOJ Hawkish Hold Back The Yen Despite Oil Shock

The Bank of Japan’s hawkish hold supports the Yen as markets shift toward a risk-on sentiment.

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Source: DepositPhotos

Global markets have been trading a softer‑dollar, risk‑on narrative over the past 24 hours, supported by a hawkish‑leaning BOJ hold, elevated ECB‑area inflation expectations, and a large API crude‑oil draw that keeps energy‑driven inflation and geopolitical risk at the core of the macro backdrop.
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