Gold 10 data on December 19, Shengbao Bank's chief investment strategist Charu Chanana said: 'The hawkish inclination of the Federal Reserve and the suspension of interest rate hikes by the Japanese Central Bank could bring new arbitrage reasons to yen traders. The only factor hindering new arbitrage trading is the intensification of volatility - this means that the US dollar against the yen may encounter strong resistance at 160. However, the decision of the Japanese Central Bank this time has some hawkish tendencies - especially someone who opposes maintaining the interest rate unchanged, and more signs indicate that the spiral of wage-price is intensifying. However, considering the uncertainty surrounding the Federal Reserve and President Trump's term, it is unlikely that the Governor of the Japanese Central Bank, Haruhiko Kuroda, will clearly signal an interest rate hike in January next year.
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Shengbao Bank: After the Merkez Bankası decision on the US-Japan Merkez Bankası, there seems to be a new Arbitraj reason for the yen trade
Gold 10 data on December 19, Shengbao Bank's chief investment strategist Charu Chanana said: 'The hawkish inclination of the Federal Reserve and the suspension of interest rate hikes by the Japanese Central Bank could bring new arbitrage reasons to yen traders. The only factor hindering new arbitrage trading is the intensification of volatility - this means that the US dollar against the yen may encounter strong resistance at 160. However, the decision of the Japanese Central Bank this time has some hawkish tendencies - especially someone who opposes maintaining the interest rate unchanged, and more signs indicate that the spiral of wage-price is intensifying. However, considering the uncertainty surrounding the Federal Reserve and President Trump's term, it is unlikely that the Governor of the Japanese Central Bank, Haruhiko Kuroda, will clearly signal an interest rate hike in January next year.