The yen is consolidating, and traders are anxiously awaiting a speech by the Deputy Governor of the Central Bank of Japan.

On January 14th, Jinshi data reported that traders were anxiously waiting for the speech of Ryozo Iceyano, Deputy Governor of the Central Bank of Japan, in Yokohama to local business leaders, and the yen was consolidating against the G10 and Asian currencies in early trading. Kristina Clifton, an economist at the Commonwealth Bank of Australia, said in a research report that Iceyano Ryozo may help lay the groundwork for the Central Bank of Japan to raise interest rates in the coming months. Market participants seem uncertain whether the Central Bank of Japan will raise interest rates in January, with the current market expectation of a 25 basis point rate hike at around 50%.