This follows from the BOJ rate hike earlier in the day. But the kicker to that and the thing that markets are viewing as more hawkish was the strong inflation forecasts associated with the decision. Let's see what Ueda will comment about that and the upcoming spring wage negotiations. USD/JPY is trading down 0.5% to 155.22 currently.
Heads up: BOJ governor Ueda press conference coming up
- We should start to see the headlines in about 5 minutes from now
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