The Bank of Japan is expected to raise interest rates slowly, and the yen weakens against most currencies
2025-01-02 02:50:30
Due to the central bank 2025 slow interest rate hikes outlook yen mostdesk3cryptocurrencydesktopCrypto News
The yen weakened against most other G10 and Asian currencies in morning trading on the prospect of a slow rate hike by the Bank of Japan in 2025. Market participants have pushed back expectations for the next rate hike by the Bank of Japan until March, Lloyd Chan, analyst at MUFG, said in a research note. The senior FX analyst said they had expected the Bank of Japan to raise rates in December 2024 or January 2025. Meanwhile, long-term Treasury yields are likely to remain high, supported by inflation policies such as trade tariffs by US President-elect Trump, which could further boost the dollar. (Golden Ten)
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