According to Odaily, significant interest rate decisions are expected this Thursday from the Federal Reserve, the Bank of England, and the Bank of Japan. Market consensus suggests a 25% probability of a rate cut by the Federal Reserve. However, attention is particularly focused on the Bank of Japan, which has a 20% chance of raising rates this week. The Japanese yen's recent depreciation has increased pressure on the Bank of Japan to consider a rate hike. As a major currency in the foreign exchange carry trade market, any increase in rates could lead to liquidity pressures.
The anticipated decisions are likely to have a positive impact on the macroeconomic market. There is optimism that the market could reach $110,000 this week. Additionally, options market participants are increasing their positions in options targeting $110,000 to $120,000 by the end of the year. This reflects a broader expectation of favorable outcomes from the upcoming central bank announcements, which could influence market dynamics significantly.