BoJ Minutes: Several members said must be vigilant to risk inflation may accelerate more than expected
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“Several members said must be vigilant to risk inflation may accelerate more than expected,” as per the March month’s Monetary Policy Meeting Minutes from the Bank of Japan (BoJ).
Following the BoJ Minutes, USD/JPY remains on the front foot while extending Friday’s recovery to 135.25 by the press time.
The Bank of Japan publishes a study of economic movements in Japan after the actual meeting. These meetings are held to review economic developments inside and outside of Japan and indicate a sign of new fiscal policy. Any changes in this report tend to affect the JPY volatility. Generally speaking, if the BoJ minutes show a hawkish outlook, that is seen as positive (or bullish) for the JPY, while a dovish outlook is seen as negative (or bearish).
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