The yen has depreciated for six consecutive days! Analysts warn: The Central Bank of Japan may be forced to raise interest rates tomorrow, and 155 is a critical level.

As Japan's Central Bank will announce its latest Intrerest Rate decision on the 19th, the yen has fallen rapidly over the past week, and the yen is close to falling to the key level of 155 yen to the US dollar, which has led analysts to warn that further weakness of the yen may increase the pressure on Japan's Central Bank to raise interest rates this week. (Synopsis: Why BTC frenzy? Japan's Central Bank is rumored not to raise interest rates in December! The yen fell sharply to a 3-week low) (Background supplement: Japan's Central Bank next week reported "inclination not to raise interest rates" yen Arbitrage trading space continues, BTC can continue to rise? Japan's Central Bank will announce the latest Intrerest Rate decision on the 19th, Japan's Central Bank President Kazuo Ueda will then hold a monetary policy press conference, according to Bloomberg, according to overnight index swap data, due to the previous rumors that Japan's Central Bank prefers not to raise interest rates in December to examine overseas risks and next year's salary prospects, the current probability of Japan's Central Bank raising interest rates this week is 19% , which is a significant decrease from about 60% of the probability at the beginning of the month. However, the yen has depreciated sharply over the past week, approaching the key level of 155 yen to the US dollar, which has led strategists to warn that further weakening of the yen may increase pressure on Japan's Central Bank to raise interest rates. The yen has lost about 2.8% of its value so far this month, making it one of the worst performers among major currencies, and has been losing ground for the past six consecutive days, the longest decline since June, and if it falls to the 155 level, it will be the lowest since November 22, and the current exchange rate of the dollar against the yen has slightly recovered to 153.65 yen to the dollar. Akira Moroga, chief market strategist at Aozora Bank Ltd, said 155 was an important milestone and predicted that the Japanese authorities' stance at 155 would change, and the likelihood of Japan's Central Bank increasing its Intrerest Rate would also increase. Vishnu Varathan, head of economics and strategy at Mizuho Bank, said that the direction and pace of the yen's depreciation during the week has not slowed down, which is not reassuring news for Central Bank and the Ministry of Finance, if the exchange rate of USD/JPY is above 155, the possibility of verbal intervention by Japanese authorities is high, and if the yen falls to 157 or 158, the pressure on Japan's Central Bank to raise interest rates will increase. The direction of the yen will also depend on the Fed's policy meeting a few hours before the decision of Japan's Central Bank, the Fed will announce the latest Intrerest Rate decision in the early morning of the 19th, which is expected to cut interest rates by 1 horse, Yujiro Goto, head of forex strategy at Nomura Securities, pointed out that the yen may face strong weak pressure before and after these meetings, and is expected to break the 155 mark. The depreciation of the yen boosts export growth, and the pressure to raise interest rates may increase It is worth noting that the latest trade data released by the Ministry of Finance of Japan recently showed that Japan's exports in November increased by 3.8% compared with the same period last year, rising for two consecutive months, better than the market expectation of 2.5%. This growth was partly due to the continued depreciation of the yen, which gave exporters a competitive advantage, while imports fell by 3.8%, narrowing the trade deficit to 117.6 billion yen. Although the export data is bright, but the actual situation is not entirely optimistic, according to the export volume, exports have not changed, in the global economic uncertainty continues to rise, the United States and Europe demand is weak, exports to the United States, Europe fell 8%, 12.5% respectively, but exports to China increased by 4.1%, to a certain extent to ease export pressure. The recent aggressive stimulus measures by the Chinese government to support the economy have become one of the main drivers of Japan's exports. The yen has recently approached the 155 mark, favoring Japanese exporters, but as pressure to depreciate the yen widens, Japan faces potential interest rate hikes to prevent the Exchange Rate from spiraling out of control further. Although the depreciation of the yen will improve export competitiveness in the short term, it will also bring pressure on import costs, which may further push up inflation. If inflation heats up further, especially as the import prices of energy and raw materials increase, Japan's Central Bank may have to adjust its policy framework, including sudden interest rate hikes, to stabilize exchange rates and market confidence. Related reports The president of Japan's Central Bank said: The time to raise interest rates is near, "USDJPY" fell below 150, ArbitrageClose Position alarm sounded again Breathe a sigh of relief! Japan's Central Bank keeps Intrerest Rate unchanged, when will the dollar Arbitrage bomb detonate next? The yen rises again, foreign capital has been selling for three weeks, will Japan's Central Bank raise interest rates next week? Arbitrage bomb incomprehensible 〈The yen has been degraded for six days in a row! Analysts warn: Japan's Central Bank may be forced to raise interest rates tomorrow, and the 155 mark is a critical point" This article was first published in BlockTempo's "Dynamic Trend - The Most Influential Block Chain News Media".