Majority of BOJ policymakers are reportedly more likely to approve a fee hike subsequent week

Right here we go. BOJ “leaks” are coming into the image now and Nikkei is reporting that whereas some policymakers stay cautious of a fee hike, the bulk continues to be more likely to approve one at subsequent week’s coverage assembly.

The yen response has been comparatively calm by all means. USD/JPY continues to be up on the day by zero.three% to 155.55 however barely off earlier highs close to 155.70 ranges. Will the BOJ disappoint as soon as once more? We’ll see.

The early “leak” right here must be confirmed with extra studies within the subsequent few days. And that must be what the BOJ decides on once we get to the choice on 24 January absolutely.

This text was written by Justin Low at www.ubaidahsan.com.



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