BoJ is said to still be mulling the rate decision for January – Bloomberg

Dhwani Mehta FXStreet

Citing people familiar with the Bank of Japan’s (BoJ) thinking, Bloomberg reported on Friday that the Japanese central bank is still considering the interest rate decision for its January monetary policy review.

Additional takeaways

Officials still carefully assessing data ahead of the January meeting.

BoJ to mull upgrading core-core inflation views for FY 2024 and FY 2025.

BoJ is said to weigh raising the inflation forecast on depreciating Yen.

Market reaction

The Japanese Yen picked up bids on the above headlines, driving USD/JPY 0.15% lower on the day at 157.85 at press time.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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