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BOJ: Kyodo Sees BoJ Weighing Skipping Dec Rate Hike

BOJ

Kyodo's piece looks inline with MNI reporting from Dec04: "The Bank’s concerns over politics, and also over how markets might react to higher rates, means that an increase to the 0.25% policy rate at the Dec 18-19 meeting will be unlikely unless the yen weakens to JPY160 against the dollar." As well as the piece from Bloomberg earlier this week: "BoJ said to see little cost to waiting for next rate hike". 

  • USD/JPY remains at the day's best levels, printing 153.66 in recent trade having been on an upward slant (supported by better equities, further gains for the US 10y yield) across the European morning. 
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Kyodo's piece looks inline with MNI reporting from Dec04: "The Bank’s concerns over politics, and also over how markets might react to higher rates, means that an increase to the 0.25% policy rate at the Dec 18-19 meeting will be unlikely unless the yen weakens to JPY160 against the dollar." As well as the piece from Bloomberg earlier this week: "BoJ said to see little cost to waiting for next rate hike". 

  • USD/JPY remains at the day's best levels, printing 153.66 in recent trade having been on an upward slant (supported by better equities, further gains for the US 10y yield) across the European morning.