There are now more factors that require being cautious, when thinking of next rate hike timingMarket volatility is very largeWill keep a close eye out on the moves and their impact on the economy, pricesThinks that stock markets will calm down at some point to reflect earnings, Japanese economyThere is no gap in views between Ueda and myself
He adds that his comments reflect changes in the latest market developments following the BOJ meeting last week. USD/JPY is off the highs from earlier of 147.90 though, now trading to 147.15 but still up 2% on the day.
This article was written by Justin Low at www.forexlive.com.
