Japanese Yen: BoJ signals inflation milestone before December decision – Commerzbank

Commerzbank’s Michael Pfister reports that the Bank of Japan (BoJ) left rates unchanged after September’s hike, but delivered a hawkish signal by indicating underlying price pressures have reached the 2% target. A further rate increase in December is seen as increasingly likely and almost fully priced. Any additional hints from Governor Kazuo Ueda could give the Japanese Yen modest support near term.