#bojraisesratesto31yearhigh 🚨
UEDA LEAVES THE DOOR OPEN FOR BIGGER BOJ
HIKES!
The Bank of Japan just lifted
rates 25 bps to 1.25%, a 31-year high
, on a 7-2 vote.
Governor Ueda said there is no preset pace. He is not ruling out back-
to
-back hikes or moves larger than 25 bps.
He said overseas tightening can hit Japan through various channels, including forex.
Traders have long borrowed cheap yen to fund risk trades. Faster BOJ hikes make that trade less cheap.$DASH $MET $PLUME
UEDA LEAVES THE DOOR OPEN FOR BIGGER BOJ
HIKES!
The Bank of Japan just lifted
rates 25 bps to 1.25%, a 31-year high
, on a 7-2 vote.
Governor Ueda said there is no preset pace. He is not ruling out back-
to
-back hikes or moves larger than 25 bps.
He said overseas tightening can hit Japan through various channels, including forex.
Traders have long borrowed cheap yen to fund risk trades. Faster BOJ hikes make that trade less cheap.$DASH $MET $PLUME
