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Yen set for best week in over a month on BOJ rate hike bets
The yen was poised for its strongest weekly performance in over a month as expectations grow that the Bank of Japan will raise rates next week, putting the dollar on the back foot ahead of Donald Trump’s return to the White House. Remarks from senior BOJ officials along with Japanese data that points to persistent price pressure and strong wage growth have helped boost market confidence that a rate shift is in the offing with traders pricing in an 80% chance of a hike next week. The yen has climbed 1.5% against the dollar this week, its strongest weekly run since late November. It was last a tad weaker at 155.34 ... (full story)
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- Jan 17, 2025 4:18am Jan 17, 2025 4:18am
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Smartfx1 - | Joined Jun 2024 | Status: Trader | 1 Comment
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- Posted: Jan 16, 2025 11:02pm
- Submitted by:Category: Fundamental AnalysisComments: 1 / Views: 4,560
