[Traders Bet Big On The Bank Of Japan To Raise Rates Next Week: "It's Almost Certain To Raise Rates"] Overnight Index Swaps On Friday Showed That The Probability Of The Bank Of Japan Taking Action At Its January 23-24 Meeting Was As High As 99%, A Sharp Increase From 71% On Wednesday. Bank Of Japan Governor Kazuo Ueda Reinforced Market Expectations On Wednesday, And His Comments Pushed The Yen Higher. He Said The Central Bank Will Make A Decision On Raising Interest Rates Next Week And Said Confidence In Wage Growth Is Growing. On Thursday, The Signal Became More Obvious. Foreign Media Reported That Unless Trump's Entry Into The White House Brings Too Many Surprises, Officials At The Bank Of Japan Believe That There Is A High Probability Of Raising Interest Rates. The Yen Is On Track For Its Biggest Weekly Gain Since Late November Last Year. Japanese Government Bond Yields Rose Across The Board, With The 2-year Bond Yield, Which Is Sensitive To Monetary Policy Expectations, Rising To Its Highest Level Since 2008 On Wednesday. "It Is Now Almost Certain That The Bank Of Japan Will Raise Interest Rates Next Week," Said Yukio Ishizuki, Senior Foreign Exchange Strategist At Daiwa Securities In Tokyo. "The Last Hurdle Is Trump's Policies, But I Don't Think The Market Will Become Extremely Volatile Because Of His Inaugural Speech."