On April 29, Vincent Chung, co-portfolio manager of the T. Rowe Price Diversified Income Bond Strategy, said in a report that given the uncertainty of economic growth, the Bank of Japan is expected to maintain interest rates unchanged at this week's meeting. The appreciation of the yen and concerns about the potential impact of tariffs on economic growth may lead the Bank of Japan to delay further interest rate hikes.
The uncertainty of tariffs has increased the risk premium of U.S. assets, and investors must pay attention to potential trade agreements that could reduce the risk premium. He added: "If the volatility of the U.S. Treasury market decreases, the long yen positions in the market should put pressure on the yen's appreciation in the short term." (Jintian)
