Published: 2025-03-25T04:10:26.000Z
USD/JPY flows: Little cues from BoJ Minutes
FX Analyst
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BoJ Minutes suggest Most members agreed the likelihood of hitting 2% target had been rising
In the January BoJ minutes, most members expressed the recognition that the likelihood of realizing the outlook had been rising. The January meeting saw the BoJ hike by 25bps and since there has been little change to forward guidance. It is very likely BoJ will wait for the result of wage negotiation before any new guidance.
USD/JPY is trading 0.03% lower at 150.65 as U.S. Treasury underperform JGB Yields.