The probability of a Bank of Japan (BoJ) interest rate hike in December has surged, with overnight index swaps (OIS) now indicating an implied probability exceeding 50%. This increased likelihood is influencing the yen's performance against major currencies, particularly the USD/JPY currency pair, which is closely watched by traders for signs of monetary policy shifts.
As the market digests this potential policy change, the USD/JPY exchange rate is experiencing volatility. A rate hike could bolster the yen, leading to adjustments in trading strategies across forex markets. Investors are closely monitoring these developments, as they could significantly impact the dynamics of trading between the yen and other currencies like the EUR and USD in the coming weeks.
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Data Source: FX Killer Analysis Team Updated: 2025-11-28 11:17
Disclaimer: This article is for reference only and does not constitute investment advice. Forex trading involves risks; please make decisions carefully.