Daily Alert – Wednesday 21st December 2022: Japan gets ready for interest rate hikes

Mark NugentDaily Alert, Dec 2022

Daily Alert – Wednesday 21st December 2022: Japan gets ready for interest rate hikes

Good morning.

We have had some interesting developments overnight.

The JPY and the Japan225 spent most of yesterday feeling the effects of the Bank of Japan’s decision to increase the upper limit on their yield-curve-control programme, clearly setting the scene for the first interest hikes in a very, very long time.

Elsewhere was quiet and risk sentiment was indecisive.

There is little on the calendar today. We will see CPI in Canada early this afternoon, UK-time.

This week is the last full trading week before year-end and is turning out to be quiet, which is welcome.

I placed no trades.

I’ll be back tomorrow.

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