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Glassnode Co-founder: The market has fully priced in the Bank of Japan's 25 basis point rate hike
Goldmoney reports that Negentropic, co-founder of Glassnode, stated that the Bank of Japan’s rate hike trading is currently the most crowded trading target in the market. Many accounts on social platform X are hyping up similar information.
A 25 basis point rate hike has already been reflected in current asset prices. The only situation that could trigger a negative market reaction is if the Bank of Japan issues hawkish forward guidance.
Given that Japan is cautiously seeking a balance among a current account deficit, inflation, and yen appreciation, it has no intention of acting rashly.
The Bank of Japan’s subsequent policy decisions will be based on economic data and will emulate the Federal Reserve’s approach,慎重地对待每一次议息会议.