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Central Bank Focus

BoJ Holds, Signals More Tightening Ahead

by Felix-Antoine Vezina-Poirier, Chief Strategist  

Favor JPY on dips and Japanese 2-year/10-year curve flatteners as the BoJ’s tightening path remains underpriced. The Bank of Japan held its policy rate at 0.75%, with one dissenting vote in favor of a hike; the same member had dissented ahead of the December…

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