But without a pre-set schedule and taking into account various uncertaintiesAppropriate to raise rates if trend inflation heightens in line with forecastMarket developments are still unstableWatching US and overseas economic outlook with strong sense of urgencyCan afford to spend some time in scrutinising market moves and recent developmentsConsumption activity likely to increase moderately as household incomes risesIt is becoming clear that impact of wage hikes is heightening
The overall language is more or less unchanged but the key takeaway is that he continues to note that markets are “unstable”. I feel that’s the key line that market players are looking out for with regards to recent BOJ remarks. So, there’s that. USD/JPY is sitting a little higher on the day, up 0.3% to 144.07 currently.
This article was written by Justin Low at www.forexlive.com.
