Gate.io Data, November 22nd, due to the remarks of the Governor of the Merkez Bankası of Japan, Hideaki Ueda, which opened the door to a rate hike in December, the yen strengthened overnight. Nevertheless, Mitsubishi UFJ Financial Group still maintains its expectation of a rate hike in January but does not rule out taking action earlier. Ueda emphasized that it is too early to predict the outcome of the December policy meeting and highlighted the importance of the upcoming data. However, he stressed that currency exchange rate fluctuations are a factor affecting the economic and inflation outlook of the Merkez Bankası of Japan, especially in the case of recent significant depreciation of the yen. Therefore, although Mitsubishi UFJ Financial Group expects a rate hike in January, it also acknowledges that if the yen depreciates significantly during this period, the Merkez Bankası of Japan's sensitivity to currency exchange rate dynamics may accelerate its timetable and provide further support for the yen.
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Mitsubishi UFJ: Japonya Merkez Bankası'nın Ocak ayında faiz artırımını hala bekliyoruz, ancak erken hareketi göz ardı etmiyoruz.
Gate.io Data, November 22nd, due to the remarks of the Governor of the Merkez Bankası of Japan, Hideaki Ueda, which opened the door to a rate hike in December, the yen strengthened overnight. Nevertheless, Mitsubishi UFJ Financial Group still maintains its expectation of a rate hike in January but does not rule out taking action earlier. Ueda emphasized that it is too early to predict the outcome of the December policy meeting and highlighted the importance of the upcoming data. However, he stressed that currency exchange rate fluctuations are a factor affecting the economic and inflation outlook of the Merkez Bankası of Japan, especially in the case of recent significant depreciation of the yen. Therefore, although Mitsubishi UFJ Financial Group expects a rate hike in January, it also acknowledges that if the yen depreciates significantly during this period, the Merkez Bankası of Japan's sensitivity to currency exchange rate dynamics may accelerate its timetable and provide further support for the yen.