Market News
Yen reclaims some ground after BOJ leaves door open for near-term rate hikes - REUTERS
By Niket Nishant and Gregor Hunter
Summary
- Yen recovers after comments from BOJ Governor
- Fed hold in March still seen as certain
- Nvidia's earnings parsed for AI demand hints
LONDON/TAIPEI, Feb 26 (Reuters) - The yen bounced off lows on Thursday as investors assessed the latest signals from the Bank of Japan for clues on the rate outlook, while taking stock of Nvidia's earnings for insights into demand for AI.
The Japanese currency was up 0.2% against the dollar at 155.99 yen, on course to snap a two-day losing streak, after BOJ Governor Kazuo Ueda kept prospects of a near-term rate hike alive.
In an interview with the Yomiuri newspaper, Ueda said the central bank will look at data at its March and April meetings to decide the path for interest rates, days after a report that Japanese Prime Minister Sanae Takaichi had expressed reservations about additional monetary tightening during her meeting with the governor.
