According to Jinshi, analyst Bruce Grant said that economists expect the Bank of Japan to keep interest rates unchanged this week, and the market generally believes that the Bank of Japan will raise interest rates in the second half of this year. The focus will be on the central bank's assessment of the economy and inflation, while the market is also looking for clues on the timing of rate hikes. Traders are highly vigilant for signs of verbal or actual intervention in the yen by the authorities, especially after the Nikkei reported that central bank officials will discuss currency weakness at this meeting. The yen is now the cheapest currency since the current round of major central banks began to raise interest rates, reflecting that its undervaluation has reached an extreme level since it began to fall in 2021.
