Dear clients,
January 18 is expected to announce the interest rate of the Monetary Policy Committee of the Bank of Japan on short-term interest rates. The decision to set interest rates depends mainly on the outlook for growth and inflation.
What is the expected result, our expert says:
The Japanese Central Bank will keep the interest rate at the current level, but may signal to traders about the need to increase rates in the future due to rising inflation, which will lead to the strengthening of the Japanese yen against most competitors. On Wednesday, consider selling AUDJPY, GBPJPY, EURJPY positions.
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