Binance News
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The Fed's hawkish stance may affect the Bank of Japan's rate hike decision
According to Jinshi Data, Christopher Wong, foreign exchange strategist at OCBC Bank, said that the Fed's tough stance was a good time for the Bank of Japan to raise interest rates. However, the Fed's pause in rate hikes and the Bank of Japan's reluctance may lead to upward pressure on USD/JPY.
Price-related data and labor market reports continue to support the Bank of Japan's rate hikes. The Federal Reserve turned more hawkish at yesterday's meeting, which should also give Bank of Japan policymakers a little more confidence in raising rates.
Price-related data and labor market reports continue to support the Bank of Japan's rate hikes. The Federal Reserve turned more hawkish at yesterday's meeting, which should also give Bank of Japan policymakers a little more confidence in raising rates.
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