💨 Abstract

The Bank of Japan raised rates by 25 basis points and revised up its inflation forecasts, causing the yen to rise. Meanwhile, U.S. President Trump's suggestion of a softer stance on tariffs against China led to a surge in the Australian and New Zealand dollars. Elsewhere, the dollar fell after Trump's comments, with the euro and sterling gaining. Trump also ordered the creation of a cryptocurrency working group.

Courtesy: theprint.in