TechFlow, April 29 — According to Jinshi Data, Vincent Chung, Co-Portfolio Manager of T. Rowe Price's Diversified Income Bond Strategy, said in a report that given the uncertainty around economic growth, the Bank of Japan is expected to hold interest rates steady at this week's meeting. The yen's appreciation and concerns over the potential impact of tariffs on economic growth could lead the Bank of Japan to delay further rate hikes. Uncertainty over tariffs has increased the risk premium on U.S. assets, and investors should pay attention to potential trade deals that might reduce this risk premium. He added: "If volatility in the U.S. Treasury market declines, yen long positions driven by safe-haven buying should put downward pressure on yen appreciation in the short term."
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