Reported about 13 hours ago
Swaps traders are increasingly betting on an interest rate hike by the Bank of Japan at its upcoming meeting on January 23-24, with the probability rising to 99% following encouraging remarks from BOJ Governor Kazuo Ueda. Analysts cite a positive outlook for wage increases and the strong performance of the yen, despite potential uncertainties surrounding U.S. politics. Nearly three-quarters of economists surveyed expect a rate hike, reflecting a significant shift in market sentiment.
Source: YAHOO