In a closely watched briefing, Bank of Japan Governor Haruhiko Kuroda is scheduled to hold a press conference around 3:30 p.m. local time to outline the considerations behind the latest decision and the prospective path for policy rates. Markets remain focused on a gradual, data-dependent approach to rate hikes, prioritizing a measured normalization over aggressive tightening.
Following the decision, the yen touched higher against the U.S. dollar before retreating, slipping below the 156 per dollar level and trading about 0.3% weaker on the day. The price action suggests that investors have digested the move, aligning with the BOJ’s stance that the current adjustment is part of a slow, gradual normalization of policy rather than a fundamental shift in accommodation.
Source: https://en.coinotag.com/breakingnews/boj-signals-gradual-normalization-with-rate-hike-as-yen-reacts-kuroda-to-speak-at-330-pm-press-conference
