TODAY'S MARKET INTELLIGENCE
BOJ Holds Rates but Signals Hawkish Shift; USD/JPY Falls Below 157.50
English summary
The BOJ held rates at 1.25% with an 8-1 vote but declared potential inflation meets the 2% target and warned of upside risks, with Governor Ueda reiterating further hikes. Supported by falling US yields, USD/JPY weakened short-term. Markets price ~80% odds for a December hike, with the pair consolidating in the 157 range.
The English text is machine translated and may require verification against the Chinese version.
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