BOJ MOVING TOWARDS RATE HIKE AT THIS WEEK’S MEETING: KYODO
The BOJ is stuck in a vicious cycle: – Ultra-low rates fuel the yen carry trade.– Rising global rates drive yen depreciation.– Depreciation forces intervention, depleting reserves. How long can Japan sustain this balancing act before the market breaks it? — Lukas Ekwueme (@ekwufinance) January 21, 2025 The JGB-US Treasuries spread is nearing a critical …