Forex Analysis by Matthew Weller covering: US Dollar Japanese Yen, United States 2-Year. Read Matthew Weller's latest article on Investing.com
Despite the likely decline in Tokyo Core CPI, traders still suspect that the Bank of Japan will raise interest rates at its first meeting of the new year on January 24th
The yield spread has essentially flatlined since the start of October, potentially weakening one of USD/JPY’s bullish catalysts Despite the likely decline in inflation, traders still suspect that the Bank of Japan will raise interest rates at its first meeting of the new year on January 24th, though the expectations for additional increases beyond that are rapidly fading; to wit, OIS traders are expecting interest rates in Japan to sit near 0.50% at this time next year, up only about 25bps from the current 0.
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