Bank of Japan Rate Hike Probability Rises to 70% for April Meeting

Markets are currently anticipating a significant likelihood of a rate hike by the Bank of Japan at its upcoming April meeting. According to NS3.AI, Tomohisa Fujiki of Citi Research has indicated that there is up to a 70% probability of this monetary policy adjustment. The anticipation has led to a rise in the 10-year Japanese government bond yield, which increased by 2 basis points to reach 2.400%, marking its highest intraday level since February 1999.