Economist poll shows 97% expect BOJ to hike rates to 1.25% on September 18, up from 57% in August
A poll reported that 97% of economists now expect the Bank of Japan to raise rates to 1.25% on September 18, up sharply from 57% in August. The shift in expectations comes as the yen strengthens toward ¥153-154 and traders warn of an unwind in the yen-funded global carry trade.
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@blckchaindaily
🚨 POLL: 97% OF ECONOMISTS EXPECT BOJ TO RAISE RATES TO 1.25% ON SEPTEMBER 18, UP FROM 57% IN AUGUST
@Xaif_Crypto
Yen ripping to ¥153-154 as BOJ hikes rates and steps in, and the global carry trade built on cheap yen is starting to unwind. that's not a normal FX move, that's a systemic margin call on every leveraged position funded in yen 💀 BOJ playing its own game now, not the Fed's.
@KobeissiLetter
Despite balance sheet reduction, the Bank of Japan remains the dominant force in Japan’s bond market: The Bank of Japan now holds ~46% of Japanese government bonds (JGBs), down -8 percentage points from its 2023 peak and its lowest proportion since 2021. Yet, the BoJ still https://t.co/M046p99VCy