Yen rising further – speculation mounts the BOJ to forecast inflation higher, tweak policy

The speculation of a policy tweak at the Bank of Japan July 27 and 28 meeting is still flourishing.

Today we’ve had two separate threads, inflation forecasts solidifying higher, and talk of a YCC change at the upcoming meeting:

• Japanese media report the BOJ is likely to raise its FY2023 inflation forecast above 2%
• Former BOJ Director Hayakawa expects the Bank to tweak YCC at the July meeting

Yen is still catching a tailwind:

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