Will Trump's election stimulate the rapid depreciation of the yen and disrupt the Bank of japan's interest rate hike path?

①Kazuo Momma, former executive of the Bank of japan, stated that the outcome of the USA presidential election has increased the uncertainty for the Bank of japan; ②The rapid depreciation of the yen may become a catalyst for the Bank of japan to raise interest rates in the near future; ③The next policy meeting of the central bank will be held in mid-December, with over half of the observers expecting a rate hike next month, and more people expecting a rate hike in January next year.

cls.cn04:13 ET

The Japanese yen fell to a key level. Can the Bank of Japan make a move to counterattack? Expectations for a rate hike in December are rising!

On Thursday, November 7th, influenced by the results of the USA election, the dollar rebounded strongly, pushing the yen against the dollar exchange rates to continue to decline, reaching a three-month low of 154.71. Market attention once again focuses on the interest rate decision of the Bank of japan. Donald Trump, the newly elected President of the USA, has promised to implement a series of easing policies, including tax cuts and higher import tariffs. The expected implementation of these measures is boosting the strength of the dollar, but at the same time is also adding pressure on the Bank of japan to raise interest rates in response to the continuing weakness of the yen. Market background: The strong dollar is dragging down the yen, doubling the pressure on the Bank of japan to raise interest rates. With the rapid strengthening of the dollar, the decline of the yen has intensified, currently uncertain.

FX678 Finance03:49 ET

Former Bank of japan Director: Trump's victory may worsen the depreciation of the yen and force the central bank to raise interest rates ahead of schedule.

The yen may depreciate further due to Trump's election, which may prompt the Bank of Japan to raise interest rates early.

Zhitong Finance01:49 ET

Trump Boosts BOJ's Risks as Yen May Spur Hike, Ex-Official Says

BNN Bloomberg23:00 ET

Japan's Kato: Important to Achieve Fiscal Health While We Strongly Push for Economic Recovery

FXStreet22:58 ET

The economy is still on the path of recovery with japan's basic wages seeing the largest increase in over 30 years.

The basic wages of Japanese workers have seen the largest increase in over 30 years, supporting the Bank of Japan's view that the economy is still on a path to recovery and providing reasons for potential interest rate hikes in the coming months.

Zhitong Finance21:43 ET