Reuters have posted a recap of the Bank of Japan ‘Summary’ published earlier in the session.
Main points it makes:
- BOJ policymakers saw need to go slow in future rate hikes
- One member said Japan does not need rapid rate hikes
- BOJ must communicate it was not shifting to tighter policy
- Summary shows BOJ board was divided on strength of economy
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My post on the headlines from the Summary is here:
BOJ ‘Summary’ of the historic March 2024 meeting
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USD/JPY meanwhile has made a small lap up and down again:
This article was written by Eamonn Sheridan at www.forexlive.com. Source