BBH: Swaps price 75% odds of a BOJ rate hike in December
- —Swaps imply 75% odds of a BOJ hike to 1.50% on Dec. 18
- —BBH expects the BOJ to hold at 1.25% at the Oct. 29–30 meeting
- —Swap curve prices about 75 bps of further tightening over 12 months
- —Japan's September core CPI rose 2.1% y/y; ex-food and energy, 2.4%
Why it matters: BOJ tightening strengthens the yen and could add pressure on risk assets, including crypto.
Source: TokenPost