The fed funds futures market has been aggressively pricing in expectations of a US rate hike next year since October began. This has drawn attention to the direction of the dollar-yen exchange rate.
The fed funds futures market has been aggressively pricing in expectations of a rate hike by the US Federal Reserve Board (FRB) next year since October began. Focusing on this move, the article suggests that the yen could be bought back, drawing comparisons with a previous period.
The column was written by Sasaki Toru (佐々木融), who discusses the possibility that conditions similar to those seen in 2015 could recur.