TechFlow news, on January 20, according to Jinshi Data, the Bank of Japan is expected to keep its benchmark interest rate unchanged on Friday, a move unlikely to provide immediate support for the yen. Analysts widely expect that if the yen weakens further, the Japanese government may intervene in the foreign exchange market as early as the same day, keeping traders on high alert. As of Tuesday morning Tokyo time, USD/JPY was trading around 158.20, close to the key psychological level of 160—a critical defense line where Japanese authorities have previously stepped in multiple times during 2024 to buy yen and support the currency. Sources revealed last week that Bank of Japan officials are closely monitoring the exchange rate's impact on inflation, as further yen depreciation could accelerate future rate hikes. Nobuyasu Atsuo, chief strategist at Nomura Securities, said: "The Bank of Japan might signal that the threshold for the next rate hike is not high, aiming to avoid exacerbating yen depreciation. They may be leaving room for action as early as April."
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