On March 7, Kinship Data reported that the yen fluctuated against the currencies of the G10 and Asian countries, but may receive support from the prospect of further interest rate hikes by the Central Bank of Japan. Christina Clifton, a strategist at the Commonwealth Bank of Australia (CBA), cited news from Japan’s largest labor union, stating that the union is demanding stronger wage increases this year, saying, ‘Another strong wage negotiation result this year will increase the likelihood of further interest rate hikes by the Central Bank of Japan. We expect rate hikes of 25 basis points each in July and December.’
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Japonya Merkez Bankası'nın faizleri daha da artırma olasılığı, Japon Yen'i için destek sağlayabilir
On March 7, Kinship Data reported that the yen fluctuated against the currencies of the G10 and Asian countries, but may receive support from the prospect of further interest rate hikes by the Central Bank of Japan. Christina Clifton, a strategist at the Commonwealth Bank of Australia (CBA), cited news from Japan’s largest labor union, stating that the union is demanding stronger wage increases this year, saying, ‘Another strong wage negotiation result this year will increase the likelihood of further interest rate hikes by the Central Bank of Japan. We expect rate hikes of 25 basis points each in July and December.’