Markets are pricing in a less than 20% chance of a BoJ rate hike this Thursday, despite earlier expectations of a 70% probability.
JPY weakness has resumed as rate hike expectations have fallen, potentially pushing the BoJ to act.
USD/JPY shows strong bullish momentum, but a BoJ hike could lead to a significant decline.
A surprise rate hike by the BoJ could strengthen the JPY significantly, with more room for gains against the GBP than the USD.
16-12-2024 09:29 GMT
by Zain Vawda
