🇯🇵TODAY: Yen jumps 1.5% vs. USD as BOJ rate-hike expectations SURGE
The yen strengthened after the Bank of Japan signaled it could raise rates by 25 bps this month, with officials increasingly focused on persistent inflation and a weaker currency.
The move could also reshape Asia’s carry trade: BBVA says further BOJ hikes may push traders to replace the yen with the Chinese yuan as the region’s main funding currency.
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