Central Banks

More from the BOJ June meeting summary: One member called for early revision of YCC policy

By adminPosted on
Time to Read:-words

I thought this was VERY significant in the Summary:

  • There is strong chance consumer inflation will moderate, but won’t slow back below 2%, toward middle of current fiscal year

More now:

  • One member called for early revision of YCC policy

Also significant, but the CPI not below 2% is even bigger IMO.

USD/JPY dropped but is not following through at present.

USD/JPY circa 143.37 as I update.

Is Ueda the pivot man?

This article was written by Eamonn Sheridan at www.forexlive.com. Source