The Bank of Japan may raise interest rates to the highest level since 1995

According to Odaily, the Bank of Japan is considering raising the interest rate by 25 basis points to 0.75% during its meeting on December 19, which would represent the highest rate since 1995. Following this news, the Japanese yen strengthened from about 155 to about 154.56. A stronger yen often leads to a reduction in macroeconomic indebtedness, which may lead to the unwinding of yen-funded borrowing deals. This could lead to a tightening of liquidity that supported the recovery$SOL

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