Iran's IRGC warns ships face action for using Hormuz routes not cleared with Tehran
BoJ Hawk Tamura says neutral rate around 2%
Despite well known hawk Tamura suggest neutral rate to be far above expectation, the JPY failed to gain traction. BoJ's Tamura should be the most hawkish member within the board and his call is not unexpected given the traction in wage growth. Yet, the political obstacle remain robust for more rate hikes, let alone to 2%.
USD/JPY is trading unchanged at 161.76.