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Yen’s rise reaches a key point
The article discusses the Japanese yen's rise as the strongest wave in 18 months, reaching a 5% increase against the dollar after the Bank of Japan adopted a more hawkish tone in its monetary policy. However, the yen faces sharp reversal risks if the bank continues its cautious approach, especially given market expectations of interest rate hikes to over 2% in the coming year, up from the current 1%. The report suggests that these market forecasts are exaggerated and that exceeding a 2% interest rate could harm the Japanese economy, while bets on tightening U.S. monetary policy have increased, boosting the dollar and weakening the yen once again. The conclusion anticipates that the bank's decision next week will be decisive, with the possibility of the yen retreating if it does not seriously raise interest rates.
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