If Trump takes office, it may stimulate the Bank of Japan to raise interest rates early, as long as the exchange rates fall to the 160 threshold.
Trump may be the only catalyst to prompt the Bank of Japan to raise interest rates early.
Reported Earlier, Japan 10-Year JGB Auction 1.00% Vs. 0.871% Prior
The economy is still on the path of recovery, with japan's basic wages posting the largest increase in over 30 years.
The basic wages of Japanese workers have seen the largest increase in over 30 years, supporting the Bank of Japan's view that the economy is still on a path to recovery and providing reasons for potential interest rate hikes in the coming months.
Bank of japan meeting minutes: If the economy and inflation meet expectations, interest rates will continue to rise.
The most likely timing is in January next year.
Reported Earlier, Au Jibun Bank Japan Services Purchasing Managers' Index For October 49.7 Vs. 49.3 Est.; 53.1 Prior
Reported Earlier, Japan Interest Rate Decision Unchanged At 0.25%