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🚨 🇯🇵 BoJ seen holding off on a back-to-back hike this month, report says; yen firm anyway
🚨 🇯🇵 BoJ seen holding off on a back-to-back hike this month, report says; yen firm anyway
- 🇯🇵 The Bank of Japan is likely to hold off on a second straight rate rise at its October meeting, even though inflation has effectively reached its 2% goal, a Japanese financial daily reports via newswires (). Press report, not a BoJ statement
- 🇯🇵 The yen is strengthening regardless: USD/JPY fell about 0.6% to 157.12 at from 158.06 at Wednesday's close, as Gulf haven demand dominates
FO view: Tonight's CPI is the test of whether the report holds.
Not investment advice.