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:
