Bettors on Polymarket now put 81% odds on a Bank of **** an rate hike in September. Two weeks ago, that same bet sat at just 22%.
The shift comes as **** an's currency intervention loses its grip on the yen. The currency is on track for its biggest weekly loss in three months, unwinding much of its recent rebound.
The yen fell about 1% this week to 159.43 per dollar. That puts it on track for its worst week since May.
The currency has given back roughly half the gains from **** an's coordinated yen intervention in late July and early August. It was trading near 164 per dollar before that support began.
This is not the first time the boost has faded. **** an's April intervention followed a similar path, and the yen drifted back toward 40-year lows over the following months.
#back
The shift comes as **** an's currency intervention loses its grip on the yen. The currency is on track for its biggest weekly loss in three months, unwinding much of its recent rebound.
The yen fell about 1% this week to 159.43 per dollar. That puts it on track for its worst week since May.
The currency has given back roughly half the gains from **** an's coordinated yen intervention in late July and early August. It was trading near 164 per dollar before that support began.
This is not the first time the boost has faded. **** an's April intervention followed a similar path, and the yen drifted back toward 40-year lows over the following months.
#back
22 days ago
