BOJ expected to start rate hikes as deflation tamed
The FX market is awaiting the outcome of the BOJ meeting this week, with BNY anticipating three rate rises this year.
Ahead of Bank of Japan’s (BOJ) meetings on Tuesday (July 30) and Wednesday, markets have been expecting a rate hike. Reuters reported that the central bank claimed victory in its fight against deflation in the country, and is ready to set the stage for a normalised rate hike cycle.
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