🚨The global market is paying attention to the Japanese Yen and the Bank of Japan (BoJ) rates 📈. The expectation is for a rise of 25 basis points in the monetary policy meeting, which may strengthen the Yen against the dollar and other currencies.
- *Impact on the Yen*: The rate hike may increase demand for Yen, reducing supply in the Forex market 💸.
- *Effect on the stock markets*: The rate hike may raise the financing costs for exporting companies and reduce the appetite for risk assets 📉.
- *Cryptocurrencies*: A tighter monetary policy in Japan may trigger sales of high-risk assets, including cryptocurrencies 💔.
The market is already pricing in the rate hike, and the BoJ's future guidance may move the markets more than the hike itself 📊.
