Yen consolidates as traders await BOJ guidance on monetary policy and inflation

13 articles · Updated · The Wall Street Journal · Apr 28

The U.S. dollar is 0.1% lower at 159.33 yen, while the Australian dollar rises 0.2% to 114.56 yen, according to LSEG data.
Markets expect the Bank of Japan to keep rates unchanged, with attention focused on any signals regarding future tightening, inflation targets, and tolerance for yen weakness.
Analysts note that skepticism remains over the BOJ’s ability to tighten policy soon, suggesting continued pressure on the yen and potential for further gains in currency pairs like AUD/JPY.

With the yen near a critical low, will Japan finally intervene to defend its currency?

Could the Bank of Japan's next move unravel the multi-trillion dollar 'yen carry trade'?

Are Japan's historic wage hikes enough to justify a more aggressive monetary policy shift?

Will a hawkish faction within the Bank of Japan force an unexpected interest rate hike?

After decades of fighting deflation, is Japan prepared for a new era of stagflation?

Amid an oil shock, can the Bank of Japan fight inflation without triggering a recession?