70FINANCE
⚡ Markets: A BoJ rate hike would mark a major policy shift, potentially leading to significant repatriation of Japanese capital invested abroad. This could cause volatility in global bond and equity markets and further strengthen the yen.USDJPYNikkei 225AUDJPY
The Japanese yen strengthened significantly against the US dollar, with markets anticipating that the Bank of Japan is preparing to raise interest rates for the first time in years. The move has triggered an unwinding of carry trades, where investors had borrowed yen cheaply to invest in higher-yielding currencies.
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