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Analyst: Japan's Central Bank is expected to remain unchanged and is unlikely to cause significant impact
Jinshi data, July 29th news, as traders assess whether the Japanese Central Bank will raise interest rates at the two-day meeting starting on Tuesday, the yen weakened against other G10 and Asian currencies in the early Asian session. Analyst Matt Simpson said that more and more people are betting that the Japanese Central Bank may raise interest rates this week. However, given that the performance of the Japanese Central Bank at meetings this year has been lower than expected, if the bank does not take action, it may stimulate the yen to weaken, but it will not cause a huge impact.