On April 29, Vincent Chung, co-portfolio manager of T. Rowe Price's diversified income bond strategy, said in a report that the Bank of Japan is expected to keep interest rates unchanged at this week's meeting given the uncertainty over economic growth. A stronger yen and concerns about potential tariffs affecting economic growth could cause the Bank of Japan to delay further rate hikes. The uncertainty over tariffs has increased the risk premium on U.S. assets, and investors must be on the lookout for potential trade deals that could reduce the risk premium. "If volatility in the US Treasury market decreases, long JPY positions with safe-haven buying in the market should put pressure on the yen's appreciation in the near term," he added. ”