With the yen breaking through 156, has the Bank of Japan reached the tipping point where it will be forced to tighten monetary policy earlier than expected?
The US dollar fell below the 156 level against the Japanese yen, further increasing pressure on the Bank of Japan to raise interest rates. Following the Federal Reserve's 25 basis point rate hike and hawkish signals, expectations of a widening US-Japan interest rate differential have resurfaced, with the