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BOJ: Nikkei Sources The Latest To Point To BOJ Hike

BOJ

Nikkei sources report that a majority of the BOJ policy board will favour a 25bp rate hike next week, though a final decision will be made following US President-elect Trump’s Inauguration on Monday.

  • This is in line with the reporting from our Policy Team yesterday, which noted that the board sees no issue holding the rate steady should market volatility increase following the inauguration.
  • Limited reaction in USDJPY at first glance, with the pair holding 0.25% higher today at 155.50.
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Nikkei sources report that a majority of the BOJ policy board will favour a 25bp rate hike next week, though a final decision will be made following US President-elect Trump’s Inauguration on Monday.

  • This is in line with the reporting from our Policy Team yesterday, which noted that the board sees no issue holding the rate steady should market volatility increase following the inauguration.
  • Limited reaction in USDJPY at first glance, with the pair holding 0.25% higher today at 155.50.