No Yen Rate Hike in October
People familiar with the matter say Bank of Japan officials are inclined not to raise rates at consecutive meetings in October. The outcome of the meeting on the 30th is still uncertain, while the December rate-hike window remains open. The current policy rate is 1.25%.
In the short term, pressure to unwind yen-funded carry trades has eased, so money flowing into risk assets can keep going for a while longer. Expectations of a stronger yen have shifted back, pushing the trigger for this pullback to around the December policy meeting. $BTC
Before that December needle drops, would you dare to go all in at this level?
$BTC $ETH
People familiar with the matter say Bank of Japan officials are inclined not to raise rates at consecutive meetings in October. The outcome of the meeting on the 30th is still uncertain, while the December rate-hike window remains open. The current policy rate is 1.25%.
In the short term, pressure to unwind yen-funded carry trades has eased, so money flowing into risk assets can keep going for a while longer. Expectations of a stronger yen have shifted back, pushing the trigger for this pullback to around the December policy meeting. $BTC
Before that December needle drops, would you dare to go all in at this level?
$BTC $ETH