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Expectations of a Bank of Japan rate hike have cooled, with the yen weakening in the morning
2025-10-08 01:26

Odaily Planet Daily reports that the yen weakened against most G20 and Asian currencies in morning trading as expectations for a Bank of Japan rate hike continued to cool. "In the short term, market focus will be on the pressures facing the Bank of Japan," Chris Turner of ING said in a research note. The market currently sees only a 20% chance of a Bank of Japan rate hike at this month's meeting. A delay until next year or even later would further pressure the yen. (Jinshi)