Spot platinum just broke above the $1,640.00/oz threshold, now quoted at $1,639.62/oz, down 0.71% on the day; Nymex platinum futures main contract is now quoted at $1,644.8/oz, down 1.03% on the day.
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The yen broke below the 156 mark overnight as the Federal Reserve’s hawkish rate hikes pushed the Bank of Japan to a “high-pressure moment.”
After the Federal Reserve raised interest rates, the Japanese yen fell overnight to 156.42. The market is betting that the Bank of Japan will raise rates by 25 basis points on Friday. If the stance is dovish, the yen could fall further to 158 or even 160.
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