Commerzbank: If the Bank of Japan does not explicitly signal a rate hike, the yen may fall

```htmlGolden Ten Data reported on April 27 that Volckmar Bauer, an analyst at Commerzbank, stated in a report that if the Bank of Japan keeps interest rates unchanged on Tuesday and remains cautious about future rate hikes, the yen may weaken. He noted that the market expects the Bank of Japan to provide fairly clear signals indicating a possible rate hike in June—at least if the Iran conflict eases by then. If such a signal does not appear, warnings from Japan’s Ministry of Finance about intervention to support the yen "will no longer be of much help." Bauer said that in this scenario, USD/JPY may rise above 160.```