🇯🇵 Japan's Central Bank: Rate Hike Ahead?
Get ready for a potential shift. The Bank of Japan (BOJ) is signaling it might raise interest rates for the first time in nearly a year.
Why it matters:
· This could strengthen the Japanese Yen (JPY)
· Impacts global forex and bond markets
· A sign of changing monetary policy in Japan
Key drivers:
· Rising domestic inflation
· A weakening Yen pushing import costs higher
· Stronger-than-expected wage growth
Traders are watching the BOJ's next move closely. A rate hike would mark a significant turning point.
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