🔺 Update: Bank of Japan hikes interest rates more than expected; Nikkei225 rebounds 1.6% to trade in green territory
📋 At 130PM today, the BoJ announced that they are raising rates by 0.15% from a range of 0 to 0.1% to a policy rate of around 0.25%. This was more than the expected 0.10% hike. The BoJ will also reduce its monthly pace of bond buying to around ¥3 trillion ($19.6 billion) by the first quarter of 2026. The recent pace of purchases has been about double that amount
📊 Both the yen and Japanese stocks moved after the decision, with the Nikkei225 spiking 1.6% since, to trade at 39,190 as of 218PM. Macquarie's trending call warrant $NKY 40000MBeCW241213 (MDXW.SG)$ from trading -10.3% in the red to +13% for the day at SGD 0.132. Trending put warrant $NKY 36000MBePW241213 (FHRW.SG)$is now down 9.3% to SGD 0.098
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