FED + BOJ COULD HIKE RATES IN THE SAME WEEK. ๐
A rare double tightening is what the market is watching:
๐บ๐ธ Fed
16/09 | 18:00 UTC | 01:00 UTC+7, 17/09
The market is pricing in about a 92% chance of a 25 bps hike.
๐ฏ๐ต BOJ
18/09, less than 48 hours after the Fed.
A CNBC survey of 18 experts shows that 89% expect the BOJ to raise rates by 25 bps to 1.25%, the highest level in about 30 years.
Some notable points:
โข Jesper Koll: expects +50 bps
โข Carlos Casanova: expects no change
โข ~61% of experts forecast USD/JPY at 155โ160 over the next month
โข Traders will pay particular attention to the Fed dot plot and any dissent from the BOJ
If both the Fed and the BOJ tighten at the same time, the USโJapan interest-rate differential will narrow, which could affect the yen carry trade and risk appetite as we head into Q4.
Fed: โ25 bps.โ
BOJ: โ25 bps.โ
Carry traders: โWait... BOTH OF YOU?โ ๐
Two central banks tighten within 48 hours. Crypto is getting ready to test how resilient liquidity is.
#fedratewatch #bitcoin #Fed #fomc
$BTC
A rare double tightening is what the market is watching:
๐บ๐ธ Fed
16/09 | 18:00 UTC | 01:00 UTC+7, 17/09
The market is pricing in about a 92% chance of a 25 bps hike.
๐ฏ๐ต BOJ
18/09, less than 48 hours after the Fed.
A CNBC survey of 18 experts shows that 89% expect the BOJ to raise rates by 25 bps to 1.25%, the highest level in about 30 years.
Some notable points:
โข Jesper Koll: expects +50 bps
โข Carlos Casanova: expects no change
โข ~61% of experts forecast USD/JPY at 155โ160 over the next month
โข Traders will pay particular attention to the Fed dot plot and any dissent from the BOJ
If both the Fed and the BOJ tighten at the same time, the USโJapan interest-rate differential will narrow, which could affect the yen carry trade and risk appetite as we head into Q4.
Fed: โ25 bps.โ
BOJ: โ25 bps.โ
Carry traders: โWait... BOTH OF YOU?โ ๐
Two central banks tighten within 48 hours. Crypto is getting ready to test how resilient liquidity is.
#fedratewatch #bitcoin #Fed #fomc
$BTC