Binance News
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The Federal Reserve's hawkish stance may influence the Bank of Japan's interest rate hike decision
According to Jinshi Data, OCBC's forex strategist Christopher Wong stated that the Federal Reserve's tough stance was actually a good opportunity for the Bank of Japan to raise interest rates. However, the Federal Reserve's pause on rate hikes and the Bank of Japan's reluctance may put upward pressure on the USD/JPY.
Data related to prices and the labor market reports continue to support the Bank of Japan's interest rate hike. The Federal Reserve became more hawkish in yesterday's meeting, which should give policymakers at the Bank of Japan some confidence in raising interest rates.
Data related to prices and the labor market reports continue to support the Bank of Japan's interest rate hike. The Federal Reserve became more hawkish in yesterday's meeting, which should give policymakers at the Bank of Japan some confidence in raising interest rates.
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