BoJ summary of opinions: BoJ must maintain current monetary easing until inflation stably exceeds 2%
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The Bank of Japan’s September meeting’s summary of opinions states that Japan’s core consumer inflation is likely to accelerate toward the year-end with a narrow pace of increase thereafter.
Meanwhile, financial markets have been in turmoil which has been playing into the hands of the US dollar. With that being said, bears are moving into USD/JPY as follows:
144.60/70 is the support structure and a close below here on an hourly basis could be significant and open the way for a run on liquidity below 144 the figure.
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