BoJ deletes mention of time frame for price target in outlook report

FXStreet Team FXStreet

Reuters reports the key highlights from the BoJ’s quarterly economic outlook report released following the central bank’s monetary policy decision.

Japan's economy expected to continue expanding moderately.

Momentum for hitting price goal sustained but lacking steam.

Inflation likely to accelerate towards 2 pct as output gap improves, inflation expectations heighten.

Risks to the price outlook skewed to downside.

Risks to economy balanced for FY2018 but skewed to downside for FY2019.

Core CPI expected +1.8 pct in FY2019/20 vs +1.8 pct projected in Jan.

Japan core CPI expected +1.8 pct in FY2020/21.

Japan core CPI expected +1.3 pct in FY2018/19 vs +1.4 pct projected in Jan.

BoJ deletes mention of time frame for price target in outlook report.

Risks to economy are roughly balanced for fiscal 2018.

Risks to economy in fiscal 2019 are to downside.

No big change in price forecast for fiscal 2019.

Inflation expectations pose both downside and upside risks.

Consumer inflation moving around 1 pct.

Inflation expectations moving sideways.

Inflation expectations likely to heighten ahead and gradually converge towards 2 pct.

Impact of sales tax hike next year among risks to economic outlook.

Author

FXStreet Team

FXStreet

Composed of a group of economic journalists and FX experts, the FXStreet content team produces and oversees all content published on FXStreet. It provides a purely journalistic approach to the Forex market.

GBP/USD stays below 1.3400 after soft UK CPI data

GBP/USD struggles to gain traction and stays below 1.3400 in the second half of the day on Wednesday. The UK annual Consumer Price Index (CPI) inflation cooled to 2.6% in June against the market forecast of 2.7%, making it difficult for the British Pound gather recovery momentum. Meanwhile, investors keep a close eye on headlines coming out of the Middle East.

EUR/USD stabilizes near 1.1400 as markets focus on geopolitics

EUR/USD trades in a narrow channel at around 1.1400 on Wednesday. In the absence of high-impact data releases, escalating geopolitical tensions in the Middle East caps the pair's upside. On Thursday, the European Central Bank (ECB) will announce monetary policy decisions.

Gold extends rally as Middle East concerns intensify

Gold extends gains for the fourth consecutive day, standing comfortably above $4,100, unfazed by the risk-off market amid rising tensions in Iran and higher Oil prices. The pair has rallied nearly 2.5% so far this week and is on track for its best weekly performance in more than three months.

Australia unemployment rate set to steady at 4.4% in June, signaling strong job market

Australia will publish the June monthly employment report on Thursday at 01:30 GMT, and market participants expect a modest increase in job creation in the land Down Under. The Australian Bureau of Statistics is expected to announce that the country added 15K new jobs in the month, while the Unemployment Rate is forecast at 4.4%, unchanged from May.

Hyperliquid, Robinhood could lead crypto’s next bull market as DeFi and TradFi converge

The next crypto bull market could be driven by the growing convergence between blockchain-based financial infrastructure and traditional finance, according to Bitwise CIO Matt Hougan. In a report published late Tuesday, Hougan argued that crypto may be showing early signs of a market bottom, with Bitcoin gaining 9% since July 1 even as the NASDAQ 100 declined 6%.

US Dollar mid-year outlook: Exceptional currency, exceptional risks?

The US Dollar enters the second half of 2026 in a markedly different position from a year ago. The King currency has recovered, reflecting persistent US inflation, changing expectations for Fed policy, geopolitical tensions and renewed demand for defensive assets.