BoJ Board Members Highlight Upside Inflation Risks in June Minutes
Bank of Japan board members expressed firm focus on upside inflation risks during the June policy meeting, according to the minutes released Thursday.
At the June monetary policy meeting, Bank of Japan board members underscored their attention on upside risks to inflation. The minutes released Thursday reveal that the board saw price pressures persisting, potentially requiring a policy response.
The focus on inflation risks suggests that the central bank remains vigilant and could lean towards further normalisation of its ultra-loose monetary stance. Market participants will closely watch upcoming data for signs of sustained price increases.
The yen could find support from the hawkish tone, potentially pressuring USD/JPY lower if rate hike expectations solidify.
Source: FXStreet Forex News