Bank of Japan is expected to hike rates in the next meeting and the market has been pricing it in for at least a month, yet the "smart" analysts are going crazy about it.
Let me state it clearly:
If Japan hikes rates, it is mostly priced in.
If Japan doesn't hike rates, that's bullish for risk-on assets.
There is no more a bearish scenario.
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Bank of Japan is expected to hike rates in the next meeting and the market has been pricing it in for at least a month, yet the "smart" analysts are going crazy about it.
Let me state it clearly:
If Japan hikes rates, it is mostly priced in.
If Japan doesn't hike rates, that's bullish for risk-on assets.
There is no more a bearish scenario.