Group 1 - The trading volume of yen-denominated OTC interest rate derivatives has increased nearly eightfold compared to three years ago, driven by the Bank of Japan's monetary tightening policy [1] - In April, the average daily trading volume of yen contracts reached $411 billion, a 684% increase from 2022 levels [1] - The yen has become the fourth largest interest rate derivatives market globally, accounting for 5.2% of the market share, surpassing the Australian and Canadian dollars [1] Group 2 - The trading activity in the Japanese market is expected to become more active as investors anticipate further interest rate hikes in the coming months [4] - The yield on Japan's 2-year government bonds has risen to its highest level since 2008, amid concerns over weak demand in recent bond auctions due to rate hike fears [4] - Speculation about the Bank of Japan's next interest rate hike has increased following dissent among policy committee members regarding the decision to maintain current policies [4]
日本央行加息掀起热潮 日元场外利率衍生品交易量飙升
智通财经网·2025-09-30 13:45