Markets
Wednesday, 6/24, 05:28 AM
BOJ Board Backs More Rate Hikes, but a Surging Dollar Keeps the Yen Pinned
- The Bank of Japan's June Summary of Opinions showed broad support for further rate increases after the bank lifted its policy rate to 1%, yet the yen and other Asian currencies kept weakening as the U.S.
- dollar climbed to a 13-month high on bets the Federal Reserve will tighten again.