CANADA OFFERING ITS POSTAL SERVICE UP TO CAD1B CASH BAILOUT

MNI BRIEF: US Existing Home Sales Rise 2.2% To 4.24M In Dec

MNI: US JAN FLASH MANUF PMI 50.1 (FCST: 49.8); DEC 49.4

MNI China Daily Summary: Friday, January 24

MNI BRIEF: China Electricity Growth Expected At 6% In 2025

MNI:PBOC Net Drains CNY795Bn Via MLF; Injects CNY179Bn Repo

EZ/UK T-Bill Calendar: Germany, France Auction on Monday

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JAN INDEX 71.1

MNI: US NAR: DEC EXISTING HOME SALES 4.24M SAAR

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

© 1982-2025 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

BOJ: Light JPY Demand As Local Media Continue To Point To Hike On Friday

BOJ
Central Bank NewsAPACJapanBank of JapanBulletMarketsFixed Income BulletsForeign Exchange Bullets

Nothing new in the latest Nikkei BoJ sources piece at first glance, given the consensus view and market pricing almost fully discounting a hike, but continued framing of the widely expected rate hike ahead of Friday’s decision evident in the local Japanese press.

  • The piece notes “the Bank of Japan is set to vote for a rate hike during its meeting scheduled for Friday, Nikkei has learned, taking a step further in its policy normalization process as inflation hovers above the bank's 2% target and wage hikes by domestic companies spread.”
  • Light JPY demand alongside the story, but the opening paragraph is not a gamechanger for markets.
  • Our full preview of the event can be viewed here.
114 words

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.

Nothing new in the latest Nikkei BoJ sources piece at first glance, given the consensus view and market pricing almost fully discounting a hike, but continued framing of the widely expected rate hike ahead of Friday’s decision evident in the local Japanese press.

  • The piece notes “the Bank of Japan is set to vote for a rate hike during its meeting scheduled for Friday, Nikkei has learned, taking a step further in its policy normalization process as inflation hovers above the bank's 2% target and wage hikes by domestic companies spread.”
  • Light JPY demand alongside the story, but the opening paragraph is not a gamechanger for markets.
  • Our full preview of the event can be viewed here.