Deep Tide TechFlow News, February 25 — According to Jintou Data, market concerns over the Bank of Japan’s rate hike path persist, with the yen continuing to consolidate against other G10 and Asian currencies. Local media reports indicate that Japanese Prime Minister Fumio Kishida expressed concerns about further rate hikes during a meeting with Bank of Japan Governor Kazuo Ueda last week. Commonwealth Bank of Australia market research chief Sky Masters noted that, given the market’s previous expectation that Fumio Kishida might adjust the monetary policy stance, this latest news has reintroduced uncertainty into the market. As a result, investors will be closely watching her nominations for two new central bank committee members today.
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Analysis: The Bank of Japan's rate hike outlook remains uncertain, and the yen continues to consolidate
Deep Tide TechFlow News, February 25 — According to Jintou Data, market concerns over the Bank of Japan’s rate hike path persist, with the yen continuing to consolidate against other G10 and Asian currencies. Local media reports indicate that Japanese Prime Minister Fumio Kishida expressed concerns about further rate hikes during a meeting with Bank of Japan Governor Kazuo Ueda last week. Commonwealth Bank of Australia market research chief Sky Masters noted that, given the market’s previous expectation that Fumio Kishida might adjust the monetary policy stance, this latest news has reintroduced uncertainty into the market. As a result, investors will be closely watching her nominations for two new central bank committee members today.