FLASH: BOJ seen lifting rates to a 31-year high, from 0.75% to 1%

FLASH: Japan's central bank is expected to raise its policy rate from 0.75% to 1%, marking the highest level in 31 years and underscoring that the era of ultra-cheap yen funding is fading. The move is in focus for gold markets as yen-funded carry trades worth trillions of yen could unwind. As the cost of yen borrowing rises, investors may be forced to sell assets to meet funding needs, potentially including gold. #Gold #PreciousMetals #Macro