Archive for October 30th, 2008

Currency Markets in the News

Friday Spotlight on Japan

October 30, 2008

The Bank of Japan’s semi-annual Outlook for Economic Activity and Prices heads a crowded events and data calendar, which will project Japan and the yen into tomorrow’s spotlight. Anticipation of that report and a simultaneous cut in BOJ rates sent the Nikkei up 10% today and extended the yen’s retreat from last Friday’s peak of […] More

New Overnight Developments Abroad - Daily Update

New Overnight Developments Abroad: Nikkei Jumped 10% Amid BOJ Rate Cut Speculation

October 30, 2008

The Bank of Japan is expected to halve its overnight rate target tomorrow to 0.25%. Central banks eased yesterday in the United States, China, and Norway. Central bank rate cuts have occurred today in Taiwan of 25 basis points to 3.0%, Hong Kong of 50 bps to 1.5% and Bahrain of 125 bps to 3.5%. […] More